Adobe Earnings Preview, Plus Lyft Acquisition Rumors Swirl 6/15/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 15 June 2023
⏱️ 5 minutes
🧾️ Download transcript
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| 0:00.0 | Adobe is reporting earnings that'll be after the bell investors |
| 0:04.1 | of course keeping a close eye as it pushes further into artificial |
| 0:07.3 | intelligence of course it also has that pending deal to acquire the software company |
| 0:11.7 | Figma that is the focus of today's tech check with |
| 0:14.8 | Deirdre Bosa. |
| 0:15.8 | Deirdre. |
| 0:16.8 | David, good morning. Well, AI, you set up before the break. It has gone from a tell-me |
| 0:21.2 | to a show-me story, and that's in large part thanks to |
| 0:23.7 | Invidia which is turning the promise of AI returns into actual revenue and |
| 0:27.6 | earnings this year. So next up is Adobe which reports tonight. To the Bears AI is |
| 0:32.0 | an Adobe killer programs like Dolly or |
| 0:33.8 | Mid Journey, they can generate an image from scratch doing in 10 seconds. |
| 0:37.4 | Essentially what typically takes hours on Adobe. However, the Bulls would argue |
| 0:41.4 | that's just impact on the non-professional business, |
| 0:44.3 | and AI represents one of the best use cases or applications of AI so far, |
| 0:48.7 | and will lead to giant productivity gains. |
| 0:50.9 | Now, so far, Adobe is winning over the bulls the investors |
| 0:53.9 | announcing earlier this year Firefly that's a generative AI co-pilot that's what it |
| 0:58.6 | calls it and Photoshop AI features now shares have run up 40% I know 45% this year but 40% in the |
| 1:05.4 | last month alone and that raises the bar for results tonight. |
| 1:09.4 | AMD I want to point out it could have been a bit of a warning earlier this week there was a |
| 1:13.5 | tepet market response to that new AI chip suggesting that product launches they aren't |
... |
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