Adobe Falls After Hours, Intel Gains, Oracle Slides

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- Adobe (ADBE) shares are down 5% in extended trading, after the maker of software for creative professionals reported its second-quarter results and gave an outlook. The company also announced that CFO Dan Durn would be departing the company June 15; this comes after the CEO announced he would resign earlier this year.

- Intel (INTC) shares jumped on Thursday as Bank of America turned bullish on the chipmaker and upgraded it to a buy rating, citing increased certainty about the company’s ability to succeed in the artificial intelligence era. The shares jumped 9.3% to $116.96, and while Wall Street analysts are relatively unenthusiastic about Intel, 17 of the analysts tracked by Bloomberg recommend buying Intel shares.

- Oracle (ORCL) fall 12% after the company reported quarterly capital expenses that were higher than estimates, raising investor concerns about the profitability of the AI infrastructure business.

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