Adobe Shares Decline on Morgan Stanley 'AI Downgrade'
Adobe stock was downgraded because its new AI features aren't making money fast enough. Analysts worry about slower growth and potential market loss.
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Adobe stock was downgraded because its new AI features aren't making money fast enough. Analysts worry about slower growth and potential market loss.
Adobe beat Q3 earnings and revenue, largely fueled by AI, with AI-influenced revenue topping $5B. They raised full-year forecasts, but despite strong performance, shares are down 21% YTD as investors seek more proof of AI monetization amidst competition.