I donโt know how good these open-source clones are, but that could be very bad for $ADBE if they prove to be good alternatives. From a technical analysis perspective the chart looks like it can be bullish at these levels but I donโt see strong confirmations as of yet.
Verified Pro Trader Nick Valdez: Adobe ($ADBE) is down 2.9% after developer Brandon Thomas released ArtCraft, seven free open-source clones of Photoshop, Premiere and other Creative Cloud apps built largely with Claude Opus 5.5. The apps remain in alpha, and Adobe has not comment
@michaelsikand Their restaurants were always busy even though I (and everyone else I know) never found something special in their food. This alone should have been an indication for me to long. Clearly the demand was always there
@Mr_Derivatives Good catch this chart shows that maybe its time for $AMD to have a correction soon. It likely still has a bit more upside though before it corrects
@MMatters22596 Iโm usually contrarian when it comes to these big investment banks. When they start raising their price targets, I tend to trim my positions.
@Mr_Derivatives Itโll probably chop around on Monday ahead of earnings. The results likely wonโt come as a surprise, so we could see even more sideways action that crushes options value then I would expect price to rally on the second half of the week if this support holds