Stock Track | Adobe Plunges 5.99% in Pre-Market as AI Boom Squeezes Software Budgets, Triggers Sector Rout

Stock Track

Jul 14

Adobe's stock plunged 5.99% in pre-market trading on Tuesday, amid a broad selloff in software stocks.

The decline follows a warning from IBM that corporate spending is shifting toward data-center infrastructure for artificial intelligence, away from software budgets. IBM's announcement triggered a sector-wide rout, with software investors concerned that AI tools capable of automating routine work could pose a threat to the industry.

IBM CEO Arvind Krishna noted that clients are reprioritizing capital expenditure toward servers, storage, and memory purchases to secure supply-constrained AI infrastructure, which has impacted software deals. This shift in spending has raised concerns about the sustainability of software stocks in the current AI-driven market environment.

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This shift in spending has raised concerns about the sustainability of software stocks in the current AI-driven market environment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADBE","symbol_name":"Adobe","start_time":0,"source_url":"","article_id":"1167017025","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167017025","pubTimestamp":1784036371,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Adobe's stock plunged 5.99% in pre-market trading on Tuesday, amid a broad selloff in software stocks.The decline follows a warning from IBM that corporate spending is shifting toward data-center...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ADBE":"Adobe"},"translate_title":"股票跟踪 | 人工智能繁荣挤压软件预算，引发行业溃败，Adobe 盘前暴跌 5.99%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADBE":1},"content_text":"Adobe's stock plunged 5.99% in pre-market trading on Tuesday, amid a broad selloff in software stocks.The decline follows a warning from IBM that corporate spending is shifting toward data-center infrastructure for artificial intelligence, away from software budgets. 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