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.

On this episode of Stock Movers: - OpenAI said it&rsquo;s closer to converting into a more traditional for-profit company &mdash; 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.

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Stock Movers

Microsoft Agreement, Adobe Beats, RH Trims

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a8dec3fd-933e-4c6c-841a-b35600bbb5c7/transcript

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