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المشهد العربي
AMD shares fall over capex worries
Adobe's stock declined on Wednesday despite achieving strong quarterly financial results and guidance that exceeded analyst expectations. However, the markets had anticipated a stronger performance in the AI sector. The company posted record revenues of $11.5 billion in the second quarter, representing a 50% year-over-year increase. Revenue from the data center segment doubled to $6.7 billion, with expectations of continued growth to around $13 billion in the third quarter. Nevertheless, the shares fell by 6.66% due to profit-taking and significant pressure from higher capital expenditures, which reached $808 million compared to $282 million in the same quarter last year, amid concerns about growing spending, production constraints, and profit margins.
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