Why Adobe Stock Is Up Today

Adobe Inc. ADBE shares are trading higher as tech and AI-related stocks gain ahead of NVIDIA's earnings report after the close.

What To Know: NVIDIA's upcoming second-quarter earnings report is the main topic of discussion on Wednesday, driving markets higher, specifically tech and AI-related stocks. The earnings report has a lot riding on it though.

NVIDIA set the bar sky high in May following its first-quarter earnings report which thrust AI directly into the spotlight.

However, while markets rallied Wednesday awaiting the second-quarter report after the market close, the company has big expectations to fill, with several analysts describing the situation as a critical moment for the market.

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ADBE Price Action: Shares of ADBE were up 2.81% at $534.10 at the time of publication, according to Benzinga Pro.

Image by James Osborne from Pixabay