Is OpenAI's Sora a Threat to This AI Behemoth? Should Investors Buy the Dip?

By Neil Rozenbaum – Feb 19, 2024 at 11:00AM

NASDAQ: ADBE

Adobe

Market Cap

$214B

Today's Change

(0.87%) $4.12

Current Price

$477.56

Price as of April 26, 2024, 4:00 p.m. ET

Adobe stock was down 7% after OpenAI announced Sora, an AI video model.

In this video, I will talk about Microsoft-backed OpenAI's new AI video model, Sora, which might pose a big threat to Adobe (ADBE 0.87%).

*Stock prices used were from the trading day of Feb. 16, 2024. The video was published on Feb. 19, 2024.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. 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.