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Weekly Buzz: Tech stocks hit high scores on ominous day
Market Mixed on Friday the 13th | Livestock
Adobe's Earnings Reports are seen as the "key to success or failure" in demonstrating AI capabilities.
Adobe has little time left to prove to investors that it can be a winner in the AI era. The company's stock price has fallen 7.7% this year, underperforming the Index that tracks the Software Industry (which has risen more than 30% this year). Due to disappointing earnings guidance last quarter, the Earnings Reports announced after the market close on December 11 are under pressure. Adobe needs to demonstrate its ability to generate profits through its AI tools and respond to increasing competition from generative AI platforms that can create images and videos based on user prompts. "This is a critical quarter that will determine success or failure because
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