$ADSK

Autodesk (ADSK) and Intuit (INTU) are among the Nasdaq 100's top gainers this week, with ADSK up 10% and INTU up 8%, despite a broader market downturn. ADSK's rally followed Schneider Electric's acquisition of PTC, while INTU's advance comes amid a recovery in investor sentiment. Both companies reported strong business fundamentals, with ADSK's Q2 revenue up 16% and INTU expecting moderated growth. Analysts' price targets suggest significant upside for both stocks.

Autodesk CEO Andrew Anagnost addressed AI concerns at the company's conference, AU. He acknowledged fears about AI's impact on jobs but argued it would enhance productivity. Demos showed AI making design decisions, raising questions about architects' roles. Autodesk showcased new AI tools and features from vendors, emphasizing AI's utility despite public anxieties.

Autodesk (ADSK) named Diana Colella as executive vice president of its architecture, engineering, and construction (AEC) business, succeeding Amy Bunszel. Colella will lead the company's AEC growth, focusing on the Forma industry cloud and AI strategy. She brings extensive Autodesk experience, including leading the AI transformation of the Media & Entertainment business.

Adobe (ADBE) and Autodesk (ADSK) face AI-related investor concerns. Adobe's revenue grew 12% YoY, with AI products generating $650M+ in ARR. Autodesk's software aids real-world design, making AI disruption less severe. Both companies are adapting to AI, but investors remain skeptical about Adobe's growth story.

US stocks rose near records, with the S&P 500 up 0.6%, Dow Jones up 0.2%, and Nasdaq up 0.9%. PTC surged 34% after a $22.6B acquisition deal, and RXO jumped 21.9% following a buyout announcement. ASX futures indicate a 0.3% rise. Analysts expect 30% S&P 500 earnings growth for Q3. Oil prices and bond yields fluctuated amid economic uncertainty.

Autodesk shares rose 3.8% in pre-market trading after Schneider Electric agreed to buy PTC for $22.6B, a 42.3% premium. Investors reassessed Autodesk's valuation, seeing it as a peer to PTC. Autodesk recently launched AI features and reported 16% revenue growth and 57% net income increase in its last quarter.

Autodesk (ADSK) stock rose 3.8% premarket after Schneider Electric agreed to buy rival PTC for $22.6B, signaling high valuations for industrial AI software. Autodesk's AI product launches and partnerships also boosted sentiment. The S&P 500 and Nasdaq showed minimal movement, indicating the rally was sector-specific. Autodesk reported 16% revenue growth and 57% net income increase in its latest quarter.

Schneider Electric (SU) offered $22.6B for PTC, a 42.3% premium. PTC shares rose 34% pre-market. European software stocks like Dassault Systèmes, Nemetschek, and TeamViewer gained 2.3%, 1.9%, and 3.2% respectively. Schneider plans to fund the deal with equity and debt, targeting a 2027 close. Analysts note potential synergies and risks.

Arcadis is expanding its partnership with Autodesk to integrate AI and digital workflows. Turner won a $900M US Air Force contract for modernization. AECOM is using modular construction for Irish surgical hubs. Maire, Fluor, and Bechtel are adopting Octave AI's software. Sir Robert McAlpine is leading the Broadgate Framework projects in London.

Arcadis and Autodesk expanded their collaboration to integrate AI, data, and digital workflows. Arcadis will use Autodesk's platform and AI tools to enhance project delivery, while retaining human expertise. The partnership aims to improve decision-making, quality, and productivity for clients. Arcadis' CEO highlighted the value of combining expertise with AI, while Autodesk's CEO emphasized the importance of industry context for AI.