Here's Why Adobe Stock Slumped in December (Hint: It's AI Related)

Shares in digital media technology company Adobe (ADBE -2.90%) fell by 13.8% in December, according to data provided by S&P Global Market Intelligence. There's no debate over the reason for the decline: a poorly received set of fourth-quarter earnings and guidance. However, there is a substantial debate around the future direction of its earnings and cash flow due to its artificial intelligence (AI) strategy.Adobe's earnings and guidanceAdobe is a software company that offers digital media solutions to help ...