Reported 2 days ago
Adobe's stock fell nearly 14% due to a disappointing outlook that raised fears about the monetization of its AI tools and increasing competition from other generative AI companies. The company anticipates revenue between $23.3 billion and $23.6 billion for fiscal year 2025, below analysts' predictions. Despite the launch of its Firefly generative AI models, concerns over unclear communication regarding future revenue generation linger, leading analysts to question the company's growth trajectory.
Source: YAHOO