Adobe has opened its generative AI tool, Firefly, to enterprises. Carvana stock rose after the company announced a positive outlook for the second quarter. Shares of Signet Jewelers fell after the company lowered its sales and earnings forecasts. Yahoo Finance Live analyzes some of the trending he tickers of the day.
video transcript
Brad Smith: 30 minutes from the start of trading. Let’s take a look at some of the major moves this morning. One of them, Carvana, surged this morning after the company gave a positive outlook for the second quarter. Gross profit per unit is now expected to exceed $6,000 and Adjusted EBITDA is expected to exceed his $50 million, as cost-cutting efforts reduce expenses.
Julie Hyman: We are also keeping an eye on the stock price of Signet Jewelers. The company reported better-than-expected profits, but cut its sales and profit forecasts after a weak Mother’s Day, pointing to mounting macroeconomic pressures. They also mentioned competitive discounts that could squeeze profits.
Brad Smith: And Adobe is on the move today, announcing that it will be opening Firefly generative AI models to enterprises. The program enables employees within a company to instantly generate images and text-based descriptions that can be used in social media, marketing and presentations, for everything from marketing campaigns, social media promotions and corporate presentations. increase. Anything else is what they can think or think.
