Reported about 13 hours ago
Adobe Inc. has released its Premiere video editing software for iPhone, providing mobile users with powerful editing tools and direct integration with social media platforms. The launch comes as Morgan Stanley lowers its price target for Adobe shares to $450, due to concerns about generative AI monetization. Despite a strong gross profit margin, there are apprehensions regarding the company's ability to sustain growth from AI adoption amidst increasing competition.
Source: YAHOO