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Adobe Stock Drops After Earnings. Has the Artificial Intelligence (AI) Bubble Popped?

Another great quarter was not enough to push the stock higher. Is Adobe stock a buy?

By Neil Rozenbaum – Dec 14, 2023 at 10:15AM EST

In this video, I will go over Adobe's (ADBE 1.20%) fourth-quarter earnings report. The company comfortably beat Wall Street's expectations, but that wasn't enough to keep the stock from going down.

*Stock prices used were from the trading day of Dec. 13, 2023. The video was published on Dec. 14, 2023.

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Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Adobe Stock Quote
Adobe
NASDAQ: ADBE
$270.86
(-1.04%)-$2.85

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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