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☆ Oracle's NetSuite adds AI features to finance software
▼ + stars: | 2023-10-17 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

NetSuite, owned by Oracle (ORCL.N), said that it is using its parent company's cloud-based systems to develop the new "Text Enhance" feature. In NetSuite's case, some of the new features are aimed at automating the mundane day-to-day tasks of a finance department. Other new NetSuite features are aimed at reading and analyzing financial data to generate summaries and reports. NetSuite said the "Text Enhance" features will roll out over the next six months. The company said typical use levels of the new features, which rely on a new supercomputer built by Oracle, will be included in existing subscription prices, but further new AI features or higher use levels may include additional costs.

Persons: Evan Goldberg, NetSuite's, Goldberg, we've, NetSuite, Stephen Nellis, Will Dunham Organizations: Oracle, Microsoft, LinkedIn, Adobe, Thomson Locations: San Francisco

☆ 4 tech giants have cemented their AI dominance. But there's even more room for growth
▼ + stars: | 2023-10-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Nearly all tech companies will integrate generative AI by the end of 2024. Respondents said they expected to use generative AI for customer support, content generation and productivity. Google Cloud Google Cloud was the third most likely cloud provider in Oppenheimer's survey to gain future AI spending share. Salesforce and AI Oppenheimer analysts said they see "durable tailwinds for customer support, content generation and code generation, which are considered priority use cases for Generative AI." We agree with this call and are in the camp that Salesforce's generative AI tools should help reaccelerate sales growth all while balancing increasing margins.

Persons: Oppenheimer's, Oppenheimer, Piper Sandler, Copilot, Piper, we've, Salesforce, Jim Cramer's, Jim Cramer, Jim, Dado Ruvic Organizations: Microsoft, Web Services, Google, Meta, AI, Adobe, CNBC Locations: OpenAI, Jasper

Major technology companies like Google have been investing heavily in generative AI and racing to incorporate it into their products. Google said its new policy applies to software, including its Vertex AI development platform and Duet AI system, which generates text and images in Google Workspace and Cloud programs. The press release did not mention Google's more well-known generative AI chatbot program Bard. The new wave of lawsuits over generative AI has generally targeted the companies that own the systems, including Google, and not individual end users. AI defendants have said that the use of training data scraped from the internet to train their systems qualifies as fair use under U.S. copyright law.

Persons: Annegret, Bard, Blake Brittain, David Bario, Aurora Ellis Organizations: Google, Arena, REUTERS, Microsoft, Adobe, Thomson Locations: Berlin, Germany, Washington

☆ Adobe unveils new image generation tools in AI push
▼ + stars: | 2023-10-10 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Image-generating technology from firms like Midjourney and Stable Diffusion have threatened Adobe's customer base of creative professionals who use its tools like Photoshop. The new generation of tools announced on Tuesday will include a feature called "Generative Match". Like Adobe's earlier tool, it will allow users to generate an image from a few words of text. "Some amount of photography is going to move to virtual photography, where you're generating from whole cloth. Adobe on Tuesday also rolled out tools that generate vector graphics, which can easily be resized and are commonly used for logos and product labels, as well as tools for generating templates for brochures and other items.

Persons: Dado Ruvic, Ely Greenfield, Greenfield, Stephen Nellis, Sonali Paul Organizations: REUTERS, Adobe, Reuters, Thomson Locations: San Jose , California, San Francisco

☆ How I'm approaching the market in the wake of the attack on Israel
▼ + stars: | 2023-10-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

It's terrible to be clinical after watching horrifying pictures and having real feelings about the tragedy in Israel this weekend. But it is difficult to believe that there will be another embargo when Israel was so clearly not the aggressor. Do you sell American stocks off of something tragic that happens in Ukraine or Israel or to any of our allies? No, it is because we have the ability — good or bad — to focus on what's existential for our country, not for Israel. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: It's, Treasurys, that's, Frito Lay, Will, —, Tyson, Jim Cramer's, Jim Cramer, Jim, Pepsi sodas, Brandon Bell Organizations: PepsiCo, Frito, Walmart, TSN, It's, Adobe, Jim Cramer's Charitable, CNBC, Pepsi, Getty Locations: Israel, Kippur, Ukraine, Austin , Texas

☆ Top Wall Street analysts pick these five stocks for compelling returns
▼ + stars: | 2023-10-01 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

However, the current scenario also offers an opportunity to pick stocks that could generate attractive returns despite short-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The analyst said the results reinforce his view of Adobe as a winner in an emerging generative artificial intelligence world. "This strategy should enable creatives to better appreciate the productivity benefits of generative AI more quickly, and make Firefly-powered generative AI offerings a critical part of their workflows, creating competitive differentiation as well as increasing the overall value of Creative Cloud," said Zelnick. Rangan holds the 509th position among more than 8,500 analysts on TipRanks.

Persons: Shantanu Narayen, Mark Neuling, Wall, Brad Zelnick, Zelnick, TipRanks, Baird, Colin Sebastian, Sebastian, Bing, Goldman Sachs, Kash Rangan, Rangan Organizations: Adobe, CNBC, Adobe Software, Deutsche Bank, Microsoft Tech, Microsoft, Windows, Bing, TipRanks, FedEx

☆ EU probe into Adobe, Figma deal paused, regulators await data
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Figurines are seen in front of displayed Adobe logo in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Adobe Inc FollowBRUSSELS, Sept 26 (Reuters) - European Union antitrust regulators' investigation into Photoshop maker Adobe's (ADBE.O) $20 billion bid for cloud-based designer platform Figma has been put on hold while they wait for requested information from the companies. The European Commission said it stopped the clock effective Sept. 19 and will set a new deadline once the companies provide the data. The Commission has previously voiced concerns that the deal may remove an important rival to Adobe and allow it to restrict competition in global markets for the supply of interactive product design tools. Reporting by Foo Yun Chee; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Foo Yun Chee, Sharon Singleton Organizations: REUTERS, Inc, Union, European Commission, EU, Adobe, Thomson

Jefferies analysts wrote in a note the Federal Reserve putting the brakes on interest rate hikes has given acquirers more certainty around their funding costs, helping dealmaking. Cisco's deal valued Splunk at 7 times projected 12-month revenue, according to Jefferies. "We note that the typical security company with 20% growth trades at about 7 times (sales)," BTIG analysts wrote in a note last week. Private software companies may also be more receptive to takeovers. "A tidal wave of software M&A (is) on the horizon," Wedbush analysts wrote in a note last week.

Persons: Chuck Robbins, David Chen, Morgan Stanley, Chen, Jefferies, Keith Skirbe, Houlihan Lokey's, Milana Vinn, Anirban Sen, Anna Driver Organizations: Cisco Systems, Cisco, Crowdstrike Holdings, Microsoft, Adobe, Oracle, Francisco Partners, TPG Inc, Federal Reserve, IBM, Reuters Graphics Reuters, Jefferies, Thomson Locations: New York

☆ Governments race to regulate AI tools
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +7 min

ITALY* Investigating possible breachesItaly's data protection authority plans to review artificial intelligence platforms and hire AI experts, a top official said in May. ChatGPT became available to users in Italy in April after being temporarily banned over concerns by the national data protection authority in March. The country's privacy watchdog said in June it had warned OpenAI not to collect sensitive data without people's permission. SPAIN* Investigating possible breachesSpain's data protection agency said in April it was launching a preliminary investigation into potential data breaches by ChatGPT. It has also asked the EU's privacy watchdog to evaluate privacy concerns surrounding ChatGPT.

Persons: Dado Ruvic, Ursula von der Leyen, CNIL, Ziv Katzir, Israel, ChatGPT, OpenAI, Antonio Guterres, Guterres, Mark Zuckerberg, Elon Musk, Lawmakers, Joe Biden's, Beryl Howell, Alessandro Parodi, Amir Orusov, Kirsten Donovan, Mark Potter, Christina Fincher, Milla Nissi Organizations: REUTERS, Baidu, Microsoft, Markets Authority, Big Tech, Britain, HK, SenseTime, Israel Innovation Authority, EU, UNITED, . Security, International Atomic Energy Agency, United Nations, U.S, IBM, Nvidia, Washington D.C, U.S . Federal Trade Commission, Thomson Locations: AUSTRALIA, Australia, BRITAIN, CHINA, China, FRANCE, Italy, Hiroshima, Japan, IRELAND, ISRAEL, Israel, ITALY, JAPAN, U.S, SPAIN, New York, Washington, Gdansk

REUTERS/Brendan McDermid Acquire Licensing RightsReuters Graphics Reuters GraphicsThe S&P 500 dropped 1.22% to end at 4,450.32 points. All 11 S&P 500 sector indexes declined, led lower by information technology (.SPLRCT), down 1.95%, followed by a 1.88% loss in consumer discretionary (.SPLRCD). For the week, the S&P 500 fell 0.16% and the Nasdaq lost 0.39%. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 4.4-to-one ratio. The S&P 500 posted seven new highs and eight new lows; the Nasdaq recorded 48 new highs and 216 new lows.

Persons: chipmakers, Lam, Stoking, Lisa Erickson, Brendan McDermid, Amgen, Japan's, Ankika Biswas, Shristi, Noel Randewich, Vinay Dwivedi, Richard Chang Organizations: Nasdaq, Dow, Lam Research, KLA Corp, Reuters, Nvidia, Devices, Broadcom, Micron Technology, Philadelphia Semiconductor, United Auto Workers ', General Motors, Ford, Chrysler, Federal Reserve, U.S, Bank Wealth Management, Traders, Microsoft, Adobe, New York Stock Exchange, REUTERS, Reuters Graphics Reuters, Dow Jones, SoftBank's Arm Holdings, Neumora Therapeutics, Thomson Locations: U.S, Minneapolis, New York City, Bengaluru, Oakland , California

☆ Top 10 things to watch in the stock market Friday
▼ + stars: | 2023-09-15 | by ( Zev Fima | ) www.cnbc.com time to read: +3 min

Adobe (ADBE) is seeing a slew of price target hikes on the back of a very good fiscal third report. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Stellantis, Morgan Stanley, Moffett Nathanson, Estee Lauder, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Adobe, The United Auto Workers, General Motors, Chrysler, Ford, UAW, NYSE, Barclays, Club, Microsoft, Oracle, HSBC, Jim Cramer's Charitable, CNBC Locations: what's

☆ BMO says stocks can do just fine at times of high rates — especially these cash kings
▼ + stars: | 2023-09-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street is becoming more comfortable with the story line that interest rates are set to remain higher for longer, according to BMO Capital Markets. While often thought of as a death knell for equities, BMO's chief investment strategist Brian Belski posits that the prospect of higher interest rates won't entirely upend stock prices. Instead, he says, investors need to be pickier and should eye businesses with less leverage and strong free cash flow. "Nonetheless, not all areas of the market are created equal within the context of higher interest rates," Belski said. CRM YTD mountain Salesforce stock.

Persons: Brian Belski, Belski, San, — CNBC's Michael Bloom Organizations: BMO Capital Markets, Federal, AMD, Adobe, BMO, Chevron Locations: San Ramon , California

☆ Adobe forecasts fourth-quarter profit above estimates on AI strength
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSept 14 (Reuters) - Photoshop software maker Adobe (ADBE.O) forecast current-quarter profit above Wall Street estimates on Thursday, after beating revenue estimates for the third quarter on strong demand for its photo, video editing and document tools with generative AI integrations. Excluding items, it reported earnings of $4.09 per share in the quarter ended Sept. 1, above analysts' estimates of $3.98 per share, according to LSEG data. Quarterly revenue stood at $4.89 billion, compared with estimates of $4.87 billion. Adobe expects revenue between $4.98 billion and $5.03 billion for the fourth quarter, compared with analysts' expectation of $5 billion, according to LSEG data. The company expects fourth-quarter adjusted profit between $4.10 and $4.15 per share, compared with analysts' average estimate of $4.06 per share.

Persons: Dado Ruvic, Akash Sriram, Shailesh Organizations: REUTERS, Adobe, Wall, Thomson Locations: San Jose , California, Bengaluru

WASHINGTON, Sept 13 (Reuters) - Tesla (TSLA.O) CEO Elon Musk called on Wednesday for a U.S. "referee" for artificial intelligence after he, Meta Platforms (META.O) CEO Mark Zuckerberg, Alphabet (GOOGL.O) CEO Sundar Pichai and other tech CEOs met with lawmakers at Capitol Hill to discuss AI regulation. Musk said there was need for a regulator to ensure the safe use of AI. "It's important for us to have a referee," Musk told reporters, comparing it to sports. Musk confirmed he had called AI "a double-edged sword" during the forum. Other attendees included Nvidia (NVDA.O) CEO Jensen Huang, Microsoft (MSFT.O) CEO Satya Nadella, IBM (IBM.N) CEO Arvind Krishna, former Microsoft CEO Bill Gates and AFL-CIO labor federation President Liz Shuler.

Persons: Elon Musk, Mark Zuckerberg, Sundar Pichai, Musk, Zuckerberg, Chuck Schumer, Todd Young, Leah Millis, Mike Rounds, Rounds, Jensen Huang, Satya Nadella, Arvind Krishna, Bill Gates, Liz Shuler, Schumer, Joe Biden's, David Shepardson, Moira Warburton, Mike Stone, Jonathan Oatis, Rosalba O'Brien, David Gregorio Our Organizations: Capitol, Lawmakers, Democratic, Republican, Intelligence, Senate, U.S, REUTERS, Nvidia, Microsoft, IBM, AFL, Regulators, Adobe, Google, Thomson Locations: Washington , U.S

☆ Musk, Zuckerberg, Gates to join US senators for AI forum
▼ + stars: | 2023-09-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Microsoft President Brad Smith, Nvidia's chief scientist William Dally, and Professor Woodrow Hartzog wait to testify before a Senate Judiciary Privacy, Technology, and the Law Subcommittee hearing on "Oversight of A.I. : Legislating on Artificial Intelligence" on Capitol Hill in Washington, U.S., September 12, 2023. Other expected attendees include feature OpenAI CEO Sam Altman, Nvidia (NVDA.O) CEO Jensen Huang, Microsoft (MSFT.O) CEO Satya Nadella, IBM (IBM.N) CEO Arvind Krishna, former Microsoft CEO Bill Gates, AFL-CIO President Liz Shuler and Senators Mike Rounds, Martin Heinrich, and Todd Young. Microsoft President Brad Smith told a Senate Judiciary subcommittee on Tuesday Congress should "require safety brakes for AI that controls or manages critical infrastructure." Smith compared AI safeguards to requiring circuit breakers in buildings, school buses having emergency brakes and airplanes having collision avoidance systems.

Persons: Brad Smith, William Dally, Woodrow Hartzog, Leah Millis, Elon Musk, Mark Zuckerberg, Sundar Pichai, Chuck Schumer, ChatGPT, Sam Altman, Jensen Huang, Satya Nadella, Arvind Krishna, Bill Gates, Liz Shuler, Mike Rounds, Martin Heinrich, Todd Young, Schumer, Smith, Joe Biden's, David Shepardson, Lincoln Organizations: Privacy, Technology, REUTERS, Capitol Hill, Nvidia, Microsoft, IBM, AFL, Regulators, Google, Thomson Locations: Washington , U.S, WASHINGTON, Senate's

☆ Adobe rolls out AI features, plans for price hikes and payouts
▼ + stars: | 2023-09-13 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Adobe makes Photoshop and other editing tools that form the core of its Creative Cloud subscription software business. For the past six months, the company has been steadily adding new AI features to those programs, such as the ability to generate images from text. Adobe customers will get a certain number of "credits" toward using generative AI features. Adobe also said it will pay the contributors to its stock imagery databases that are used to train its AI systems. After that, Adobe will start paying out the bonus each year for the training work done with its AI systems.

Persons: Ely Greenfield, Stephen Nellis, Richard Chang Organizations: Wednesday, Adobe, Reuters, Thomson Locations: San Francisco

☆ Here's why Jim Cramer says wait to buy this AI software winner
▼ + stars: | 2023-09-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Shares of Adobe entered Tuesday's session up 11.5% since the Aug. 18 close, and now two Wall Street firms — BMO Capital Markets and Wells Fargo — hiked their price targets on Adobe stock, implying further upside ahead. Investors who are itching to buy Adobe (ADBE) should wait until the software maker reports quarterly results later this week, CNBC's Jim Cramer said Tuesday. "I think if you don't own Adobe by now, you might just want to wait." If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. "I think it's a really good company," added Cramer, who called Adobe the No.

Persons: Wells Fargo —, CNBC's Jim Cramer, Cramer, Jim Cramer's, — Organizations: Adobe, BMO Capital Markets, Wells, Oracle, Trust, CNBC, Club

Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 12 (Reuters) - Adobe (ADBE.O), IBM (IBM.N), Nvidia (NVDA.O) and five other firms have signed President Joe Biden's voluntary commitments governing artificial intelligence, which requires steps such as watermarking AI-generated content, the White House said. The original commitments, which were announced in July, were aimed at ensuring that AI's considerable power was not used for destructive purposes. Google, OpenAI and OpenAI partner Microsoft (MSFT.O) signed onto the commitments in July. "The president has been clear: harness the benefits of AI, manage the risks, and move fast – very fast," White House chief of staff Jeff Zients said in a statement.

Persons: Dado Ruvic, Joe Biden's, Jeff Zients, Diane Bartz, Sam Holmes Organizations: REUTERS, Rights, IBM, Nvidia, Google, Microsoft, Thomson

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The Consumer Price Index reading for August is due on Sept. 13, while the Federal Reserve's policy decision is scheduled for Sept. 20. New York Fed President John Williams kept his options open over future interest rate policy and Dallas Fed President Lorie Logan said while it "could be appropriate" to skip a rate hike in the upcoming meeting, more policy tightening might be needed. DocuSign (DOCU.O) added 3.1% as the e-Signature product provider beat second-quarter results estimates and raised its annual revenue forecast. GameStop (GME.N) fell 2.3% on a report that the U.S. Securities and Exchange Commission was investigating the videogame retailer's chairman, Ryan Cohen.

Persons: Brendan McDermid, Mark Haefele, Morgan Stanley, John Williams, Lorie Logan, Mary Daly, Ryan Cohen, Shristi Achar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Mizuho, Dow, Nasdaq, Federal, UBS Global Wealth Management, Traders, FedWatch, Apple, Wall, Dow e, . New York Fed, Dallas Fed, San Francisco Federal Reserve Bank, GameStop, U.S . Securities, Exchange Commission, Thomson Locations: New York City, U.S, Beijing, China, Bengaluru

☆ Apple endorses California bill to oblige companies to report carbon footprint
▼ + stars: | 2023-09-08 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. loadingWiener's bill would require public and private companies with annual revenue in excess of $1 billion who do business in traditionally climate-conscious California to disclose independently verified data on their planet-warming emissions. "Thank you, Apple, for making clear that this is doable (and) a critically important piece of climate action," Wiener wrote. A separate bill under discussion would require companies operating in California, with $500 million in revenue, to report on climate-related financial risks such as whether they have budgeted for increased compliance and insurance costs. In its letter to Wiener, Apple commends his bill's attempt to require companies to measure and report indirect emissions linked to their supply chains and end-users, known as Scope 3.

Persons: Yves Herman Acquire, we've, Michael Foulkes, Scott Wiener, Wiener, Apple, Isla Binnie, Aurora Ellis Organizations: Apple, REUTERS, California Senate, Adobe, Ikea, Microsoft, Thomson Locations: Brussels, Belgium, California

☆ The generative AI boom should have been Appen's time to shine. Here's what went wrong
▼ + stars: | 2023-09-06 | by ( Hayden Field | ) www.cnbc.com time to read: +13 min

For Appen, that would mean finding specialists in particular types of information that can bolster generative AI systems. Even before the generative AI transition, wages for Appen's data labelers were a sticking point. Kim Stagg, Appen's vice president of product, said the work required for generative AI services was different than what the company has needed in the past. "With generative AI, we see a different demand." The company's plunging stock price suggests that investors don't see the company's business offerings transferring to the generative AI space.

Persons: Jonathan Raa, Mike Monegan, he'd, Appen, it's, Armughan Ahmad, Mark Brayan, Ahmad, Monegan, he's, Appen's, Helen Johnson, Fab Dolan, Sujatha Sagiraju, Elena Sagunova, Jen Cole, Jukka Korpi, Still, OpenAI's, Google's Bard, didn't, Bard chatbot, Ed Stackhouse, raters, Erik Vogt, Vogt, hadn't, Kim Stagg, we've, Stagg, Lisa Braden, Harder, Canaccord Organizations: Nurphoto, Microsoft, Apple, Google, Amazon, Nvidia, Revenue, CNBC, Australian Securities Exchange, Adobe, U.S . National Labor Relations Board Locations: Seattle, Europe, Middle East, Africa

"This quarter puts Salesforce in a league of its own and isn't being appreciated nearly enough at these prices," Jim says. CRM YTD mountain Salesforce's year-to-date stock performance. That is likely why Salesforce stock traded at a valuation "well below" its peers, Smith argued at the time. For context, here's the full list of Salesforce peers included Starboard's presentation: Club holding Microsoft 's (MSFT) productivity and business processes segment, Adobe, Club holding Oracle (ORCL), Intuit (INTU), ServiceNow, Workday and SAP (SAP). Importantly, that $265 target is strictly the result of applying current average peer valuation to Salesforce's current growth/profit mix.

Persons: Marc Benioff, Jim Cramer, Jim, Salesforce, Jeff Smith —, Smith, Salesforce's, —, it's, Jim Cramer's, Patrick T Organizations: —, Club, ServiceNow, Adobe, Microsoft, Oracle, Intuit, SAP, CRM, CNBC, Salesforce.com Inc, Global Technology, Fallon, Bloomberg, Getty Locations: That's, TurboTax, Salesforce's, Laguna Beach , California, U.S

☆ Cramer says AI hype is hurting this group of stocks that should benefit from recession worries
▼ + stars: | 2023-08-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

The hype around artificial intelligence has crushed investor appetite for so-called recession stocks like Campbell Soup (CPB), CNBC's Jim Cramer said Tuesday. The broad-based S&P 500 index, for comparison, has climbed almost 15% in 2023, driven in large part by tech stocks. Cramer's Charitable Trust, the portfolio used for the CNBC Investing Club, owns six of the Magnificent Seven stocks. In addition Nvidia, Meta and Microsoft, the list includes Apple (AAPL), Alphabet (GOOGL) and Amazon (AMZN). "They just want AI and Magnificent Seven."

Persons: Campbell, CNBC's Jim Cramer, Cramer, Jim Cramer's Organizations: Nvidia, Microsoft, Consumer, Charitable Trust, CNBC, Club, Meta, Apple, Adobe, Marvell Technology, Broadcom

☆ Adobe co-founder John Warnock dies at 82
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: 1 min

CEO and Chairman of Adobe Systems, Inc. Dr. John Warnock testifies before the U.S. Senate Joint Economics Committee hearing on Capitol Hill, June 6, 2000. REUTERS/Larry Downing/File Photo Acquire Licensing RightsAug 20 (Reuters) - Photoshop maker Adobe's (ADBE.O) co-founder John Warnock died on Saturday aged 82, the company said in a statement early on Sunday. "It is a sad day for the Adobe community and the industry for which he has been an inspiration for decades," Adobe CEO Shantanu Narayen said in an email sent to employees. Warnock co-founded Adobe in 1982 with Charles Geschke. He retired as CEO in 2000 and was chairman of the board, a position he shared with Geschke, until 2017.

Persons: John Warnock, Larry Downing, Shantanu Narayen, Warnock, Charles Geschke, Nilutpal, David Goodman Organizations: Adobe Systems, Inc, U.S . Senate, Capitol, REUTERS, Adobe, Thomson Locations: Bengaluru

☆ Jim Cramer's top 10 things to watch in the stock Thursday
▼ + stars: | 2023-08-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Dow stock Walmart (WMT) delivers a big quarterly beat. We increased our Club price target to $100 per share from $88 . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Chuck Robbins, Mark Cuban's CostPlus, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Investment, Walmart, Walmart U.S, Target, Wall Street, TJX Companies, Marshalls, Cisco, Disney, ESPN, Apple, Amazon Pharmacy, Bank of America, Adobe, Jim Cramer's Charitable, CNBC Locations: HomeGoods, TJX's, California

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