Adobe Shares Fall as Downbeat Forecast Fans Worries About …

Mar 15, 2024 · Adobe Shares Fall as Downbeat Forecast Fans Worries About Competition, AI Efforts ... By Reuters | March 15, 2024, at 7:24 a.m. Save. More. Adobe Shares Fall as …

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Adobe Stock Sinks As Weak Outlook Stokes Fears Over AI …

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Dec 12, 2024 · Adobe stock sank nearly 14% Thursday after its weak outlook stoked investor fears that the company's AI tools aren’t paying off quickly enough to stave off growing …

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Adobe Shares Fall As Downbeat Forecast Fans Worries About …

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Mar 15, 2024 · (Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company's creative suite including …

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Adobe Drops On Weak Forecast Fueled By AI Competition Fears

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Adobe Inc. dropped about 10% in extended trading after giving a weak outlook for sales in the current quarter, fueling concerns that new AI-focused startups pose a competitive threat.

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Adobe Drops As Weak Forecast Fans Worries About Competition, AI …

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Mar 15, 2024 · Adobe's ADBE shares fell 12% on Friday as the company's lackluster quarterly forecast raised fears about strong competition and disappointed investors who were hoping for …

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Adobe Drops As Weak Forecast Fans Worries About Competition, AI …

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Mar 15, 2024 · Adobe drops as weak forecast fans worries about competition, AI efforts. Adobe's shares fell 12% on Friday as the company's lackluster quarterly forecast raised fears about …

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Why did Adobe stock drop 14% Thursday?

Adobe (ADBE) stock sank nearly 14% Thursday after its weak outlook stoked investor fears that the company's AI tools aren’t paying off quickly enough to stave off growing competition from other generative AI software makers. ...

Why did Adobe Stock fall 12% on Friday?

Picture taken October 19, 2021. REUTERS/ Tom Bergin/File Photo Purchase Licensing Rights March 15 (Reuters) - Adobe (ADBE.O) shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company's creative suite including Photoshop and disappointed investors hoping for a boost from AI integration. ...

Why did Adobe Stock fall in extended trading?

(Updates with share decline in fourth paragraph) Adobe Inc. fell in extended trading after giving a revenue forecast for the current quarter that missed Wall Street estimates, fueling investor impatience for the company’s AI tools to begin generating sales. ...

Why did Adobe stop providing quarterly guidance?

Adding to investor concerns was Adobe’s decision to stop providing quarterly guidance for a key metric within its Digital Media segment, which consists of its Creative Cloud and Document Cloud products. Adobe logo is seen on smartphone. REUTERS/Dado Ruvic/Illustration/File Photo · Reuters / Reuters ...

How much will Adobe lose if losses hold?

If losses hold, the company will shed more than $30 billion in market value. Its shares have fallen about 4% this year, after jumping 77% in 2023. "Mixed messages are hard to interpret," Piper Sandler analysts said, adding Adobe was still in the early stages of monetizing AI across its main platforms. ...

Is adobe still monetizing AI?

Its shares have fallen about 4 per cent this year, after jumping 77 per cent in 2023. “Mixed messages are hard to interpret,” Piper Sandler analysts said, adding Adobe was still in the early stages of monetizing AI across its main platforms. ...