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AI has really landed a heavy shot on some of the software names, especially the SaaS (Software as a Service) companies that have been quite slow to brace for the rise of the artificial intelligence (AI) age.
Major stock indexes ended lower Wednesday as investors digested the latest batch of bank earnings reports and economic data, while safe-haven gold and silver surged to fresh record highs.
CNBC's Seema Mody looks at the sharp selloff in software names like Salesforce and Adobe as competing products hit the market, raising concerns around competition.
Adobe (ADBE) could represent a favorable choice for your investment portfolio, given its substantial cash yield, solid fundamentals, and attractive valuation. Companies of this nature can utilize cash to drive additional revenue growth or distribute it to shareholders through dividends or buybacks.
Adobe needs to convince Wall Street that AI is helping revenue growth in order for its shares to move higher, analysts say.
Adobe stock has evolved from one of the hottest trades in Wall Street into one of the top laggards.
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Software was once the hottest industry on Wall Street. Not so in the AI era.
Software stocks haven't been able to shake off the narrative of artificial-intelligence disruption. In fact, those concerns seem to be deepening.
Adobe Inc (ADBE) shares slipped about 3% on Tuesday after Oppenheimer lowered its rating on the software company, citing concerns over near-term growth pressure
Apple is launching a subscription plan for its creative software apps.
Pre-Market Stock Futures: The futures are trending higher after the December consumer price index came in at 2.6% below Wall Street expectations. The reversal in the futures comes after a wild Monday that saw stocks get hammered on the open, amid news of Department of Justice subpoenas sent to Federal Reserve Chairman Jay Powell regarding... Here Are Tuesday's Top Wall Street Analyst Research Calls: Adobe, AMD, Disney, Five Below, Intel, Reddit, KLA Corp, PayPal, Super Micro Computer and More.
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Hardman Johnston Global Advisors LLC lowered its position in Adobe Inc. (NASDAQ: ADBE) by 16.5% in the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 58,981 shares of the software company's stock after selling 11,617 shares during the quarter. Hardman Johnston Global Advisors LLC's
The Trade Desk is still growing at a market-beating pace despite its underperformance last year. Design software giant Adobe continues to hold its own just fine against generative AI.
Bristlecone Advisors LLC trimmed its stake in Adobe Inc. (NASDAQ: ADBE) by 21.9% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,206 shares of the software company's stock after selling 2,016 shares during the period. Bristlecone Advisors LLC's holdings
Adobe (ADBE) reported earnings 30 days ago. What's next for the stock?
BMO Capital Markets analyst Keith Bachman downgraded shares of Adobe to Market Perform from Outperform.