In the closing of the recent trading day, Adobe Systems (ADBE) stood at $484.69, denoting a +0.26% change from the preceding trading day.
Microsoft's Build developer conference kicks off May 21. Analysts expect Microsoft to push AI Copilot technology further into its consumer/enterprise product stack. Chipmaker Nvidia reports Q1 earnings on May 22.
Figma announced on Thursday that it will conduct a tender offer allowing investors, including current and former employees, to sell shares at a valuation of $12.5 billion. This marks a 25% increase from its 2021 fundraising valuation, yet falls short of Adobe Inc’s (NASDAQ:ADBE) $20 billion acquisition offer in 2022. Following regulatory hurdles, Adobe and Figma terminated their acquisition deal last December. The San Francisco-based startup anticipates the tender size will range between $600 mi