We live in a fast-paced modern world, and cloud computing and AI have become vital for every business in any sector. The use and demand for both innovations continue to grow, and investors holding cloud computing stocks have also been enjoying their gains. The benefits cloud computing provides (flexibility, scalability and cost-effectiveness) make it essential to most businesses.Moreover, as remote work surges, demand for cloud computing has risen sharply. With companies investing heavily in cloud software, ...

After remote work skyrocketed, it is not hard to imagine the demand for cloud computing jumped. With companies racing to have the top cloud software and companies spending big to keep their business up to date, there is no better time for investors to tune in. These three of the best cloud computing stocks to buy are winners you don’t want to miss out on.We’ll cover each of these stocks’ cloud platforms and software and why their unique services and products put them in a fantastic position to prosper amids ...

In the latest market close, Adobe Systems (ADBE) reached $477.56, with a +0.87% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 1.02%. On the other hand, the Dow registered a gain of 0.4%, and the technology-centric Nasdaq increased by 2.03%.The software maker's shares have seen a decrease of 6.18% over the last month, not keeping up with the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 3.15%.Investors will be eagerly watching for the performan ...

I recently dropped Adobe, Qualcomm, and Unity from my portfolio.Buying a stock is usually easier than selling a stock. Investors often get greedy and refuse to take profits from their winners, preferring to hold on and hope for more gains. They can also stubbornly stick with their losers because they aren't able to admit they made a mistake.So today, I'll share with you three stocks I recently sold: Adobe (ADBE 0.53%), Qualcomm (QCOM 0.70%), and Unity (U 0.77%). All three initially seemed like good investme ...

These are good companies for patient investors to own, even if there is more volatility ahead.Each year the stock market brings its fair share of winners and losers. Sometimes a stock can fall out of favor because of declining fundamentals, but sometimes it's simply a change in sentiment.Let's find out why Adobe (ADBE -1.73%), On Semiconductor (ON -3.53%), Albemarle (ALB 0.31%), Intel (INTC -2.40%), and Lululemon (LULU 1.43%) are down more than 20% in 2024, and why all five well-known growth stocks are wort ...

As we zoom right past the midpoint of April, the “sell and May and go away” phrase will hit the headlines again, as it typically does almost every year, regardless of the circumstances. Indeed, there is no shortage of things to be uneasy about this May. The broader stock market seems to have been running on empty since the second quarter began. And with interest rate cuts that may be delayed (perhaps into 2025?) at the hands of inflation, May 2024 certainly seems like an opportune time for investors to take ...

Identifying the next growth stocks to challenge Magnificent 7 is a noteworthy endeavor. The Magnificent 7 refers to Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Tesla (NASDAQ:TSLA), Meta (NASDAQ:META) and Nvidia (NASDAQ:NVDA) have dominated the technology sector for years.These mega-cap companies have delivered extraordinary returns, shaping the market and our daily lives. However, as with all empires, some continue to rise and others fall causing ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Adobe Systems (ADBE) .Adobe currently has an average brokerage recommendat ...

Key PointsShare repurchases can offset dilutive actions and even reduce the share count for a publicly listed stock. Reduced share count can boost earnings per share growth and aid dividend health. Marketbeat tracks which companies are issuing repurchase authorizations for investors to capitalize.5 stocks we like better than AdobeStock buybacks, also called stock repurchases, are important drivers of shareholder value, which is one of the reasons why Marketbeat tracks the data. As the name suggests, a buyba ...

Core Insights - Jamie Dimon, CEO of JPMorgan Chase, highlighted the transformative potential of artificial intelligence (AI), comparing it to electricity and the internet, indicating significant optimism on Wall Street regarding AI stocks [1] - The AI industry is projected to contribute over $15 trillion to the global economy by 2030, impacting various sectors including journalism, medicine, automotive, and design [1] - There are lesser-known companies in the AI sector that present potential investment opportunities, which investors should not overlook [1] Company Summaries Lam Research Corp. (LRCX) - Lam Research is crucial in the microchip and semiconductor industry, with high demand for its wafer-fabrication equipment driven by AI advancements [2] - LRCX stock has increased by 29% this year, 96% over the past 12 months, and 367% over five years, reflecting strong earnings due to semiconductor demand [3] - The company reported Q4 2023 earnings per share of $7.52, exceeding analyst expectations of $7.07, with revenue of $3.76 billion compared to the expected $3.70 billion [3] Symbotic (SYM) - Symbotic specializes in robotics warehouse automation, utilizing AI in its systems for businesses in the U.S. and Canada [4] - Despite a recent decline of 18% in 2024, SYM stock has gained 50% over the past year and nearly 300% over five years, presenting a potential buy opportunity [4][5] - The company reported a profit of $14 million and a 79% year-over-year sales growth to $368 million, although results matched analyst expectations, leading to a stock price drop [5] Adobe (ADBE) - Adobe has faced challenges, with its stock down 18% year-to-date, partly due to competition from OpenAI's new platform and the cancellation of a $20 billion acquisition of Figma [6][7] - Despite the stock decline, Adobe reported Q1 earnings per share of $4.48, surpassing expectations of $4.38, and revenue of $5.18 billion, exceeding the anticipated $5.14 billion, with an 11% sales growth year-over-year [7] - Adobe is exploring a potential AI partnership with OpenAI, indicating ongoing commitment to AI integration in its products [7]