Adobe: A Powerhouse Investment In The AI Future

Justin Sullivan/Getty Images NewsOverview Adobe’s (NASDAQ:ADBE) price dropped by 18% while the S&P 500 went up by 7.4% (Figure 1) after OpenAI released Sora, a new AI capable of producing high-quality videos directly from text descriptions, and Adobe issued revenue guidance for the second quarter of 2024 that fell short of expectations. Figure 1: Seeking Alpha Adobe reported revenue of $5.18 billion for 1Q, up 11%, beating the expected $5.14 billion. Adjusted profits were $4.48 per share, exceeding Wall ...