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Adobe is drawing fresh attention from value hunters after a significant pullback, with the stock now trading at levels some analysts call temptingly cheap. The core question hanging over the name is whether its creative software franchise can hold ground as AI-native competitors chip away at its dominance. The answer, for now, remains contested.
Shifting to Washington, President Trump raised fresh ethics concerns Monday when he rang the opening bell from the Oval Office alongside Dell founder Michael Dell, then publicly urged Americans to buy Dell computers. Former White House ethics lawyers are pushing back hard, noting that a sitting president directing consumer spending toward a specific company — one whose CEO was standing at his side — crosses a line presidents are traditionally expected to respect.
And in the semiconductor space, a remarkable projection from UBS is turning heads. The bank estimates SpaceX could spend roughly one hundred thirty-five billion dollars on wafer fabrication equipment over the next five years through Elon Musk's so-called Terafab initiative. That kind of capital commitment, if it materializes, would represent a seismic demand signal for chipmaking equipment suppliers across the sector.
That's the tape. Markets Desk, signing off the floor.
