Adobe Stock Climbs Post-IBM Warning, ServiceNow Boost

Adobe stock is rising, benefiting from a reframing of IBM's profit warning as a timing issue rather than a demand problem, and strong results from ServiceNow and SAP. Apollo's chief economist, Torsten Slok, explained that capital is gravitating towards foundational software layers crucial for AI, such as security and infrastructure, moving away from legacy application vendors. This trend suggests a positive outlook for companies like Adobe that provide essential underlying technology.