Adobe Dips 12.4% YTD: Can ADBE Stock Rebound on GenAI Strength?

Adobe (ADBE) , a titan in the Portable Document Format (PDF) technology, has been facing macroeconomic and competitive challenges this year, with its stock price plummeting 12.4% in the year-to-date period against the Zacks Computer-Software industry, the broader technology sector and the S&P 500 index’s returns of 14.8%, 22.2% and 19.6%, respectively.Year-to-Date Price PerformanceImage Source: Zacks Investment ResearchThis loss has left investors and analysts questioning the company's future prospects. How ...