Adobe Shares Sink Despite Record Revenue. Should Investors Buy the Stock on the Dip?

Despite posting record revenue to close out its fiscal year ended Nov. 29, shares of Adobe (ADBE -1.88%) were sinking as investors were disappointed with the company's guidance. Adobe has been at the forefront of generative artificial intelligence (AI) with both its Creative Cloud suite of products that includes Photoshop, and with its Document Cloud business featuring Acrobat. However, its monetization strategy related to AI has been a bit behind.With its latest dip, the stock is now down about 18% year to ...