Adobe, a software giant, is heavily investing in AI to drive growth. Despite unveiling 68 AI-driven solutions, competition and slow monetization have kept investors wary. However, upcoming earnings could be a turning point, showcasing AI progress. The company’s Firefly AI platform is making waves, with an app launch for iOS and Android. Despite a stock decline of 37.5% over the past year, Adobe reported strong Q2 earnings, beating revenue and profit expectations. The company raised its full-year outlook and is optimistic about AI’s impact on creativity and business. Wall Street remains cautiously optimistic, with potential upside for ADBE stock.
Read more at Yahoo Finance: Dear Adobe Stock Fans, Mark Your Calendars for September 11