AI Market Movers · Applied AI & software
Adobe
ADBE
Adobe put Firefly inside Photoshop and Premiere. The models matter less than the fact that millions of people already open those apps.
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In the Daily
· Closing Time
Will the blue wave slow data center development?The Nasdaq Composite fell nearly 4% and slipped more than 10% below its October record, confirming a correction, as investors fretted that a Democratic sweep will slow data-center buildouts, Investing.com reports, citing Reuters.
· Morning Brief
The ballot box just met the data centerAxios reports that voters showed deep distrust of the AI race on Tuesday, approving dozens of data center restrictions and electing a wave of candidates who favor slowing the buildout.
· Closing Time
Closing Time: The AI borrowing binge is backCNBC reports that Meta is selling $20 billion to $25 billion of bonds to pay for its AI buildout, days after S&P lowered the outlook on its credit rating to negative over heavy spending.
· Morning Brief
The AI money just blinkedCNBC reports that OpenAI is now seeking up to $20 billion in its latest funding round, down from an earlier target of about $30 billion.
· Closing Time
Closing Time: The chip that broke the marketCNBC reports that Intel shares fell 29.2%, their worst day since the 1970s, after the chipmaker issued weaker-than-expected guidance tied to a plant shutdown in Israel and a soft PC market.