Adobe Stock Declines Amid AI Monetization Concerns and Sector Slump
TL;DR Summary
Morgan Stanley downgraded Adobe due to concerns over its slow growth in digital media revenue and the underwhelming performance of its generative AI initiatives, leading to a decline in stock value and a cautious outlook despite overall analyst optimism.
- Adobe Stock Gets Downgraded. Generative AI Isn’t All It’s Cracked Up to Be. Barron's
- Why Adobe (ADBE) Shares Are Falling Today Yahoo Finance
- Morgan Stanley downgrades Adobe to Equal-weight over concerns of gen-AI monetization (ADBE:NASDAQ) Seeking Alpha
- Sector Update: Tech Stocks Fall Wednesday Afternoon 富途牛牛
- Will AI help or hurt Adobe’s stock? The uncertainty now has these analysts feeling cautious. MarketWatch
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