Adobe drops as weak forecast fans worries about competition, AI efforts
The Star Online - Tech·2024-03-15 21:00
(Reuters) - Adobe's shares fell 12% on Friday as the company's lackluster quarterly forecast raised fears about strong competition and disappointed investors who were hoping for a boost from generative AI integrations.
Like other software firms Microsoft and Alphabet-owned Google, Adobe is being watched closely by Wall Street for its ability to make money from AI features that it has rolled out across its creative suite including Photoshop.
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