Reported 7 months ago
Investors in Adobe Inc. are concerned about competition from generative AI as the company's results will reveal its ability to handle the threat. Recent downgrades and concerns over AI platforms offering similar services have caused Adobe shares to drop more than 20% this year. Despite positive AI-related product announcements, Adobe's outlook remains weak. However, the upcoming earnings report is expected to show growth in net earnings and revenue, with analysts still recommending buying the stock due to its valuation and financial strength.
Source: YAHOO