Broadcom earnings, Adobe downgrade, Affirm: Market Minute

In This Article:

Yahoo Finance host Akiko Fujita breaks down key market headlines in today's Market Minute.

Broadcom (AVGO) shares have risen by nearly 20% as fourth quarter results showed strong revenue growth for artificial intelligence.

Adobe (ADBE) shares have fallen after TD Cowen downgraded the stock to Hold. Analysts lowered the price target on the company from $625 to $550 per share, citing the company's inability to monetize its AI tech.

Affirm (AFRM) acquired its largest-ever capital commitment from private credit firm Sixth Street, investing in $4 billion worth of loans.

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This post was written by Kevin Hall