Reported 27 days ago
Adobe's fiscal third-quarter results exceeded expectations, yet its fourth-quarter guidance was disappointing, causing a drop in stock prices. Analyst Charlie Miner noted a 'narrative shift,' indicating that while there were fears of Adobe losing market share to AI competitors like OpenAI's Sora, there is growing belief that commercializing these AI tools may be challenging, positioning Adobe as a potential leader in the AI space.
Source: YAHOO