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AI hardware stocks rallied on September 4, while Adobe fell 6.7% and Palantir dropped 4.5%, as investors weighed software monetization against disruption risk.
Yahoo Finance analysis indicates that Adobe's decline followed news of Anil Chakravarthy becoming CEO on December 1, while Palantir faced a broader move away from richly valued software. Adobe reported fiscal Q2 revenue up 13% to a record $6.62 billion, with AI-first annualized recurring revenue more than tripling to over $500 million. Palantir's Q2 revenue grew 93% to $1.94 billion, with U.S. commercial revenue up 149% and adjusted operating margin reaching 62%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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King Charles III of the UK praised Oman's peaceful efforts in reopening the Strait of Hormuz.
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