Adobe’s shares dropped 7% in early trading on Friday as investors’ concern that the company’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ai-adoption” target=”_blank”>AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/revenue-forecast” target=”_blank”>revenue forecast.
“(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization,” said Angelo Zino, senior equity analyst at CFRA Research.
The San Jose, California-based creative software veteran is relied on by creatives for its tools including ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/photoshop-and-premiere-pro” target=”_blank”>Photoshop and Premiere Pro.
The company said in April…
