{"id":90579,"date":"2026-06-15T00:00:00","date_gmt":"2026-06-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=90579"},"modified":"2026-06-15T09:38:20","modified_gmt":"2026-06-15T09:38:20","slug":"adobes-9-friday-collapse-confirms-the-halo-rotation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/","title":{"rendered":"Adobe\u2019s 9% Friday collapse confirms the Halo rotation"},"content":{"rendered":"<p><strong>Adobe shares collapsed 9% to USD 198 on Friday, June 12 &mdash;<\/strong> <a href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/adobe-tumbles-9-cfo-exit-133749415.html\" target=\"_blank\"><strong>down 37% YTD and 47% over the past twelve months<\/strong><\/a> <strong>&mdash; despite posting a record USD 6.62 bn in quarterly revenue.<\/strong> Multiple analyst downgrades followed the announcement that CFO Dan Durn would depart today, citing the leadership shuffle and a strategic shift toward &lsquo;freemium&rsquo; offerings that Wall Street read as defensive.<\/p>\n<p><strong>What&rsquo;s happening at Adobe isn&rsquo;t an outlier.<\/strong> The market is repricing every asset where AI replacement is a credible thesis &mdash; and doing so even when revenue is at record levels, AI products are growing fast, and management is executing moves the analyst community spent two years asking for.<\/p>\n<p><strong>A month ago, we argued that the global equity market was splitting along AI-disruption lines<\/strong>, with the <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/19\/how-the-halo-trade-is-positioning-to-buy-what-ai-cant-replace\/\" target=\"_blank\">smart money rotating into heavy-asset, low-obsolescence (Halo) companies<\/a> and away from the software, payments, and consumer platforms most vulnerable to AI replacement. Friday&rsquo;s session was Halo arriving in real time. For GCC sovereign capital, the implications are immediate and quantifiable. The PIF 1Q 13F filing &mdash; which <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/18\/pif-and-berkshire-are-now-telling-the-same-story-about-us-equities\/\" target=\"_blank\">showed the fund had cut its US-listed book to four positions<\/a> &mdash; looks increasingly like the smartest single capital allocation decision in the GCC complex this year.<\/p>\n<p><strong>Visa, Mastercard, and Amazon, the three names PIF exited ahead of Berkshire&rsquo;s 1Q sale, were all priced as durable compounders six months ago.<\/strong> They are now priced as AI-disruption candidates. Mubadala, Adia, ADQ, and QIA still carry meaningful exposure across the software and payments cohort that Friday repriced. Every position in that cohort just took a real hit.<\/p>\n<p><strong>The Halo thesis argued that the rotation favored heavy assets &mdash; utilities, freight, energy, industrials &mdash; that AI cannot quickly replace.<\/strong> The May 19 NextEra-Dominion merger validated the heavy-asset side of the trade at the corporate-action level, while Friday&rsquo;s Adobe selloff validates the disruptable side at the equity-market level. Both sides of the Halo split are now operating in real time, and the gap is widening every week.<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Sensex<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">76,465<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: -10.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NIFTY 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">23,922<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: -8.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,804<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.7% (YTD: -1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,954<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.8% (YTD: -1.54%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,122<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">52,248<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +24.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Boursa Kuwait<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,781<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +5.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>QSE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,543<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: -2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,431<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +8.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,495<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +5.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,259<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 82.9<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-5.03%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.05<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,363<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 65,620<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.6%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The values in the table above are listed according to the market position as of 3:30pm IST \/ 2pm GST.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global equity market is repricing every asset where AI replacement is a credible thesis \u2014 even when revenue is at record levels and AI products are growing fast<\/p>\n","protected":false},"author":0,"featured_media":90580,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2447],"tags":[2445,2446],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-financial-markets","tag-planet-finance","wpautop","entry"],"acf":{"full_issue_title":"Adobe\u2019s 9% Friday collapse confirms the Halo rotation","teaser":"The global equity market is repricing every asset where AI replacement is a credible thesis \u2014 even when revenue is at record levels and AI products are growing fast","mongo_id":"dcd8a93fd355ce60a8fa3237","order":"5","related_issue":[90568],"story_type":"1"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adobe\u2019s 9% Friday collapse confirms the Halo rotation - MENA India Corridor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adobe\u2019s 9% Friday collapse confirms the Halo rotation\" \/>\n<meta property=\"og:description\" content=\"The global equity market is repricing every asset where AI replacement is a credible thesis \u2014 even when revenue is at record levels and AI products are growing fast\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\" \/>\n<meta property=\"og:site_name\" content=\"MENA India Corridor\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-15T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-15T09:38:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/internal\/90580.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Adobe\u2019s 9% Friday collapse confirms the Halo rotation\",\"datePublished\":\"2026-06-15T00:00:00+00:00\",\"dateModified\":\"2026-06-15T09:38:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\"},\"wordCount\":405,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/internal\/90580.jpg\",\"keywords\":[\"Financial markets\",\"PLANET FINANCE\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\",\"name\":\"Adobe\u2019s 9% Friday collapse confirms the Halo rotation - MENA India Corridor\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/internal\/90580.jpg\",\"datePublished\":\"2026-06-15T00:00:00+00:00\",\"dateModified\":\"2026-06-15T09:38:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage\",\"url\":\"https:\/\/ent.news\/internal\/90580.jpg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/90580.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/mena-india\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Adobe\u2019s 9% Friday collapse confirms the Halo rotation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/84573.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/84573.svg\",\"caption\":\"EnterpriseAM-MENA-India-Corridor\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Adobe\u2019s 9% Friday collapse confirms the Halo rotation - MENA India Corridor","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/","og_locale":"en_US","og_type":"article","og_title":"Adobe\u2019s 9% Friday collapse confirms the Halo rotation","og_description":"The global equity market is repricing every asset where AI replacement is a credible thesis \u2014 even when revenue is at record levels and AI products are growing fast","og_url":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/","og_site_name":"MENA India Corridor","article_published_time":"2026-06-15T00:00:00+00:00","article_modified_time":"2026-06-15T09:38:20+00:00","og_image":[{"url":"https:\/\/ent.news\/internal\/90580.jpg","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/"},"author":{"name":"","@id":""},"headline":"Adobe\u2019s 9% Friday collapse confirms the Halo rotation","datePublished":"2026-06-15T00:00:00+00:00","dateModified":"2026-06-15T09:38:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/"},"wordCount":405,"publisher":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/internal\/90580.jpg","keywords":["Financial markets","PLANET FINANCE"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/","url":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/","name":"Adobe\u2019s 9% Friday collapse confirms the Halo rotation - MENA India Corridor","isPartOf":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/internal\/90580.jpg","datePublished":"2026-06-15T00:00:00+00:00","dateModified":"2026-06-15T09:38:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#primaryimage","url":"https:\/\/ent.news\/internal\/90580.jpg","contentUrl":"https:\/\/ent.news\/internal\/90580.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/mena-india\/"},{"@type":"ListItem","position":2,"name":"Adobe\u2019s 9% Friday collapse confirms the Halo rotation"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/mena-india\/#website","url":"https:\/\/enterpriseam.com\/mena-india\/","name":"EnterpriseAM-MENA-India-Corridor","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/mena-india\/#organization","name":"EnterpriseAM-MENA-India-Corridor","url":"https:\/\/enterpriseam.com\/mena-india\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/84573.svg","contentUrl":"https:\/\/ent.news\/internal\/84573.svg","caption":"EnterpriseAM-MENA-India-Corridor"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/"}}]}},"featured_image_src":"https:\/\/ent.news\/internal\/90580.jpg","featured_image_src_square":"https:\/\/ent.news\/internal\/90580.jpg","author_info":{"display_name":"","author_link":"https:\/\/enterpriseam.com\/mena-india\/author\/"},"jetpack_featured_media_url":"https:\/\/ent.news\/internal\/90580.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/90579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/comments?post=90579"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/90579\/revisions"}],"predecessor-version":[{"id":90613,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/90579\/revisions\/90613"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/issue\/90568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media\/90580"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media?parent=90579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/categories?post=90579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/tags?post=90579"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/brand?post=90579"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}