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Adobe Tumbles 7% on Pre-Earnings CEO Shakeup as AI Pressures Mount

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Adobe dropped 7% after announcing Anil Chakravarthy as its new CEO days before its earnings report, sparking investor anxiety over generative AI threats.
  • Enterprise software peer Workday fell 4% in sympathy, while major tech benchmarks held steady amid company-specific repricing.
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US100 price history

29368.44 +18.07% over the displayed period

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