ADSK Oct 2024 155.000 put
- Yahoo Finance Video
Autodesk is using AI to help people 'make anything,' CMO explains
The 2024 Cannes Lions International Festival of Creativity kicks off in France, with Autodesk (ADSK) CMO Dara Treseder joining Yahoo Finance's Brian Sozzi and Rachelle Akuffo to shed light on how the company is harnessing the power of artificial intelligence (AI) to revolutionize its business model and empower enterprises across industries. Advertising is one of the many industries that use Autodesk's offerings, with Treseder emphasizing the company's versatility, stating, "Autodesk is used to design and make anything," from infrastructure to major advertising campaigns. She highlights the company's presence at the Cannes festival, where numerous businesses are receiving accolades for projects crafted using Autodesk's software. "It's really great to actually be here and exchange ideas and talk about how we could work together to continue to design and make the things that we are working on in better ways," Treseder remarked. With Autodesk's software being utilized across diverse sectors, Treseder revealed that the company has strategically integrated AI to streamline various design processes. This AI integration within the Autodesk platform, enables customers to "automate menial tasks," "augment creativity," and "analyze complex information," ultimately empowering businesses to make more informed decisions throughout their design workflows. Treseder emphasizes that this AI implementation has significantly reduced process timelines across industries, ranging from media to project management. Furthermore, Treseder highlights Autodesk's upcoming AI project, "Project Bernini," which aims to help customers use generative AI for their projects. "At the end of the day, AI is just a tool," Treseder told Yahoo Finance, adding, "It's all about how we as humans and the ingenuity we bring to using these tools to kind of create new experiences, new business models, and new ways to propel our businesses forward." This post was written by Angel Smith
- Yahoo Finance Video
Bullish S&P 500 calls, weak China industrial output: Morning Brief
On today's episode of Morning Brief, Yahoo Finance's Seana Smith and Madison Mills cover some of the biggest stories as the holiday-shortened trading week gets underway. The major US indexes (^DJI, ^IXIC, ^GSPC) started Monday's trading session mixed, as the S&P 500 and Nasdaq Composite hold near their record highs achieved last week. As the tech sector continues to push the market to new heights, Evercore ISI has raised its year-end target of the S&P 500 to 6,000, while Goldman Sachs has raised it to 5,600. Miller Tabak Managing Director and Chief Market Strategist Matt Maley says that the market rally signals that "investors aren't all that confident about anything outside of the AI phenomenon. And we haven't seen the big broadening out of earnings outside of the AI phenomenon." Minneapolis Federal Reserve President Neel Kashkari has indicated optimism about potential interest rate cuts, stating that one cut in December is "reasonable." However, Wells Fargo Global Investment Strategist Veronica Willis believes that two rate cuts in 2024 are still possible, noting that more economic data showing disinflation would give the Federal Reserve enough "confidence" to enact more than one cut. China's housing market continues to struggle as industrial output growth slowed to 5.6% in May, a decline of over 1% from the previous month's figure. Crude oil prices (CL=F, BZ=F) are climbing higher after China also reported weakening demand and oil refinery outputs. Energy Aspects Oil Analyst Christopher Haines explains that China is "transitioning to more of a consumer-based economy rather than an industrial-based economy... it's trying to decrease energy intensity. So actually, I think you can read [that] demand, or... some of that data that came out today is relatively constructive." This post was written by Melanie Riehl
- StockStory
Winners And Losers Of Q1: Autodesk (NASDAQ:ADSK) Vs The Rest Of The Design Software Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at Autodesk (NASDAQ:ADSK) and its peers.
