On this episode of Stock Movers:
- OpenAI said it’s closer to converting into a more traditional for-profit company — nearing the resolution of painful negotiations with top shareholder Microsoft (MSFT) and outlining terms of at least $100 billion in equity for its nonprofit arm.
- Adobe (ADBE) shares rise after the maker of software for creative professionals reported third-quarter results that beat expectations and raised its full-year forecast on key metrics. Analysts cited annual recurring revenue (ARR) as a highlight, and the report was seen as easing concerns about competition from AI.
- Luxury furniture company RH (RH) slumped in late trading after cutting its sales outlook for the full year, citing mounting impacts from new US tariffs that resulted in delays to a seasonal catalog.

Weekly Roundup: Meta's AI-Driven Rally, Gen Digital Drops, Moderna Surges
03:28

Closing Bell: Akamai-Anthropic Contract, Microsoft Jumps, Meta's New AI Agent
05:38

Akamai Rallies on Anthropic Deal, Twilio Slips, McDonald's Drops
04:56