Adobe Shares Plunge 13% Despite Beating Earnings, as Investors Express Concerns Over Company’s Competitive Edge in AI Space

Adobe’s shares dropped 13% despite reporting earnings that exceeded analysts’ expectations, as investors expressed concerns over the company’s competitive positioning in the rapidly evolving AI space. A report by CNBC revealed that investors are worried over the company’s long-term growth trajectory and Artificial Intelligence (AI) monetization strategy. For the most recent quarter, Adobe reported adjusted [...]The post Adobe Shares Plunge 13% Despite Beating Earnings, as Investors Express Concerns Over Company’s Competitive Edge in AI Space appeared first on Tekedia.

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