ADBE Stock Recent News

Adobe has a long runway for AI monetization. The Adobe Summit conference illustrated the sheer scale of product improvements Adobe has made using generative AI.

Adobe is reportedly paying artists and photographers to supply videos and images that will be used to train the company's artificial intelligence models. The company is using images from its own library of stock media but is paying contributors to fill in any gaps in the materials it has available, Bloomberg reported Thursday (April 11).

Although 2023 has been positive for Adobe (NASDAQ: ADBE) stock, the company hasn't been able to repeat this success so far in 2024, and more losses could be in store as it forms the first death cross chart pattern in more than two years.

Adobe (NASDAQ: ADBE) stock price is in a freefall, and the worst may be yet to come. It has crashed to a low of $487, its lowest level since July 2023.

Adobe's proposed acquisition of Figma was abandoned late last year. This was a big setback because Adobe had hoped to bolster its creative and productivity software platform.

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Statista forecasts exceptional growth in the artificial intelligence market over the next few years. Here are the three U.S. based top AI stocks to benefit from that expected rally in 2024.

Adobe's strong brand and comprehensive software suite are attractive, but pricing and competition raise concerns. The recent focus on Customer Experience with AI tools shows promise but needs to translate to faster revenue growth. I am neutral and suggest a wait-and-see approach until management clarifies their growth strategy and the impact of CX initiatives on financials.