Happy Thursday Zingers! This year has been a tale of two markets. Either you’re an AI play and you’re doing well… or you AI-n’t, and you ain’t.

Adobe (AI-dobe?) officially solidified itself into the former grouping. The CEO bragged about “harnessing the power” of generative AI during the company’s earnings call this afternoon. I’m just hoping the company can harness enough power to make me look good in a photo.

Today’s Price Action:

$SPY: -.20%
$QQQ: -.25%
$DIA: -.29%

Also, want to make some extra cash without picking up a second job? Check out today’s partner.

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TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Adobe Earnings: Revenue Beat, EPS Beat, Harnessing 'Power Of AI' And More

Briefly: Investors had to take a second look at Adobe’s promising first-quarter financial results to make sure they weren’t Photoshopped.

So Basically: Adobe has now beaten analyst estimates on both the top and bottom line in five straight quarters, according to Benzinga Pro data.

Specifically: Adobe’s first-quarter revenue increased 11% year-over-year to $5.18 billion, which beat the consensus estimate of $5.143 billion. The company reported quarterly earnings of $4.48 per share, which beat analyst estimates of $4.38 per share.

So What? “Adobe drove record Q1 revenue, demonstrating strong momentum across Creative Cloud, Document Cloud, and Experience Cloud,” said Shantanu Narayen, chair and CEO of Adobe, attributing much of the success to — you guessed it — generative AI.

Click here to read more highlights from the report.

PRESENTED BY FINANCE BUZZ

Work Smarter, Not Harder: 5 Lazy Ways To Make Extra Cash By Doing (Almost) Nothing

Feeling lazy but still want to earn some extra cash? We've done our research and found some unusual (but legit) ways that people can stack their bank accounts without having to leave their house. Some will help you save. Others will help you pad your wallet right away.

If your bank account could use a boost but you don't want to start a second job, then these could be right for you.

FIVE MOVERS

ULTA Beauty shares moved lower after the close after the leading make-up retailer reported worse-than-expected earnings.

Google shares closed higher today after the company announced new DeepMind AI features and tools.

JPMorgan shares fell in today’s session on news that the bank was hit with a $350 million fine for its deficit trade surveillance program.

Nikola stock moved lower today as investors speculate that the EV startup could be in trouble as its peer Fisker heads toward bankruptcy.

Geron shares took off after the close today, trading higher by nearly 100% after the biotech announced a positive ruling from the FDA.  

ONE TRADE IDEA FOR TOMORROW

Billions Just Hit The Biggest Semiconductor ETF

Briefly: The semiconductor industry is reaching unprecedented levels of popularity among investors as it becomes clear that chips have become some of the most important commodities of present times.

So Basically: According to data shared by Eric Balchunas, senior ETF analyst for Bloomberg, the VanEck Semiconductor ETF had record cash inflows today, possibly triggered by automated buying signals.

Back Up: Semiconductors are not only consequential within the supply chain for consumer electronics. They serve as the engine behind industrial growth and military supremacy, and could ultimately become the backbone of the geopolitical success for nations like China and the U.S.

So What? These major cash inflows to the world's largest semiconductor ETF demonstrate substantial disbelief in the idea that a tech bubble might burst any time soon.

Click here to read more.

PRESENTED BY FINANCE BUZZ

5 Things To Try If You Need Extra Money This Month

You’ve got just enough money in your bank account to last until Friday … but then Monday rolls around, and you’re in the same situation. Again. Food. Bills. Rent. Gas. They dry up every bit of your take-home pay. 

But it doesn’t have to be this hard. With a few smart moves, you could supplement your income and afford that next vacation — without doing much extra “work,” or even getting a side job. Check out this FinanceBuzz article to find a solution and take control of your finances today.