(Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company’s creative suite including Photoshop and disappointed investors hoping for a boost from AI integration. The company expects about $440 million in net new annual recurring revenue for the digital media segment, which houses its cloud […]
Adobe shares fall as downbeat forecast fans worries about competition, AI efforts
Reuters | March 15, 2024