Adobe Inc. (NASDAQ:ADBE) has seen its shares drop by 13% since Jim Cramer expressed doubts about the company’s AI products. Investors remain skeptical as the stock has lost 17.8% year-to-date. Analysts are turning bearish, with Melius Research downgrading the stock to Sell in August, causing a 2% price drop.

Cramer highlighted Adobe Inc. (NASDAQ:ADBE)’s struggles with AI products, noting competition from cheaper alternatives like Figma and Canva. The company’s costly program may not be sustainable as others offer similar products with artificial intelligence at a lower price point, threatening Adobe’s market share and pricing.

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Read more at Yahoo Finance: AI Stock Adobe (ADBE) Has Lost 13% Since Jim Cramer Expressed His Doubts