Adobe and Snowflake are facing challenges with declining stock prices

From Nasdaq: 2024-04-07 08:45:00

Adobe (NASDAQ: ADBE) and Snowflake (NYSE: SNOW) are cloud software companies incorporating new AI features. Adobe’s Firefly tool creates pictures and models with AI prompts. Snowflake’s Cortex AI tools process data efficiently. Both stocks have declined this year, with Adobe down 17% YTD and Snowflake down 23%. Both companies face challenges and tough competition. Adobe’s stock facing regulatory issues, while Snowflake’s growth is slowing down. Adobe 28x forward earnings, insiders selling. Snowflake over 200x forward earnings, insiders selling. Adobe may be a better buy if it resolves challenges and stock price lowers. Snowflake needs to stabilize growth and narrow losses for a worthwhile investment. Invest in Adobe? Consider other top stock picks recommended by Motley Fool Stock Advisor team for potential monster returns.



Read more at Nasdaq: Better AI Stock: Adobe vs. Snowflake