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Creative software developer Adobe (ADBE) kicked off its Adobe Summit — Digital Experience Conference in Las Vegas on Tuesday, March 26. The three-day event will showcase all the new ways Adobe is using generative AI and other advanced tech to enhance customer experiences.
As we move further into year two of the artificial intelligence ( AI ) boom, we may begin to see a broadening of the winners as more firms continue spending a great deal on the next generation of AI tech. We're talking more than just the latest Nvidia (NASDAQ: NVDA ) GPUs, too.
Adobe was one of the hottest stocks in 2023 thanks to the artificial intelligence tidal wave. But that growth has slowed as the AI feeding frenzy begins to settle.
Adobe shares are down nearly 15% since OpenAI unveiled Sora, a stunning text-to-video creation tool, in mid-February.
Shantanu Narayen, Adobe CEO, joins 'Closing Bell: Overtime' to discuss the Adobe Summit where it unveiled a suite of AI innovations.
Adobe Inc. is putting a creative spin on generative AI with apps and a partnership to animate business productivity.
Meta Platforms has many game-changing AI models in its pipeline. Adobe's Firefly AI is already having a huge impact on businesses.
Adobe had an impressive Q1 performance, beating revenue and EPS estimates, but stock stumbled due to concerns about AI monetization efforts. Despite no current revenues from AI, Adobe's underlying business remains strong, with record revenues and strong growth in remaining performance obligations. Adobe's AI roadmap is on track, with popular AI tools and plans for expanded offerings, but investors need to be patient when it comes to monetization.
Among publicly traded securities, so-called socially responsible stocks may be one of the most controversial categories. Basically, an underlying assumption exists that if you support sustainable policies, you sacrifice profitability.
Several analysts cut their price targets for Adobe following the company's fiscal Q1 earnings report. One pundit, however, maintained their price target of $685.