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Adobe Stock Drops on Disappointing Guidance. Wasn't Artificial Intelligence (AI) Supposed to Boost Its Business?

Shares of Adobe dropped as much as 10% on Friday.

By Neil Rozenbaum – Sep 14, 2024 at 9:15AM EST

In this video, I will go over Adobe's (ADBE 2.77%) third-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were from the trading day of Sept. 12, 2024. The video was published on Sept. 12, 2024.

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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 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
$246.02
(-2.77%)-$7.02

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

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