$Adobe (ADBE.US)$ [Share Link: Adobe's stock tumbled as conc...

ピンハネ commented on a stock · Mar 15, 2024 13:48

Adobe's stock tumbled as concerns grew over intensifying competition in artificial intelligence (ai) due to the sluggish revenue outlook.

The software maker's USAdobeThe stock price temporarily fell by about 10% in after-hours trading on the 14th of the US stock market. Concerns have been growing that new companies focusing on artificial intelligence (ai) pose a competitive threat due to showing a weak revenue forecast for the 3rd to 5th month period (2nd quarter).

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more