Axcelis' (ACLS) performance is gaining from healthy uptake of Purion suite of products.
Adobe will aim to counter EU antitrust charges that its proposed $20 billion acquisition of cloud-based designer platform Figma hurts competition at a closed hearing on Dec. 8, two people familiar with the matter said on Wednesday. The European Commission two weeks ago warned that the deal may reduce competition in the global market for the supply of interactive product design software where market leader Figma competes with Adobe. It said the acquisition would eliminate Figma as a competitor in the supply of vector editing tools and supply of raster editing tools and reinforce Photoshop maker Adobe's dominance.
C3.ai (NYSE: AI) and Adobe (NASDAQ: ADBE) represent two very different ways to invest in the growing artificial intelligence (AI) market. C3 develops AI algorithms that can be directly plugged into a company's existing software infrastructure to accelerate, automate, and optimize certain tasks. Adobe mainly provides cloud-based software for media professionals and enterprise customers, but it's been upgrading those services with generative AI tools for creating fresh digital media content and accelerating its digital workflows.