Adobe's AI Experiment Hits Speed Bump, But What Does It Mean for Tech? Adobe Inc. 's latest earnings report was a mixed bag, with solid revenue growth but fourth quarter guidance that fell short of expectations.
The company's AI first products have more than doubled in annual recurring revenue year over year, yet investors were unimpressed. At first glance, Adobe's results seem puzzling.
Investors have been clamoring for companies to harness the power of AI, and here was a company that had apparently done just that. However, despite the impressive numbers, the stock price took a hit after hours.