Tech
Adobe shares slide as investors skeptical of quicker AI-adoption returns
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Adobe’s shares dropped 7% in early trading on Friday as investors’ concern that the company’s AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast.
“(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization,” said Angelo Zino, senior equity analyst at CFRA Research.
The San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro.
The company said in April…
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