In a note to clients released on Friday, Barclays adjusted its rating for design software company Adobe, moving it from overweight to equal weight. The downgrade follows Adobe’s announcement regarding CEO Shantanu Narayen’s impending departure, contingent upon the appointment of a successor. Narayen, having served as CEO since 2007, will continue in his role as Read More
The decline in shares of various gaming stocks this week can be attributed to concerns regarding the disruptive potential of artificial intelligence, further exacerbating the turmoil observed across multiple sectors of the market. The recent launch of Google’s Project Genie, an interactive AI world generator that can respond to real-time user interactions, has raised apprehensions Read More
