2024-04-16 15:29:21 ET
Summary
- Adobe’s revenue and earnings outlook shows AI is causing problems.
- The Adobe Summit presentation was visually appealing but lacked substance in my opinion.
- Adobe's financial performance is lackluster, with a decline in stock price and a disappointing outlook for future growth.
- Let me know when Adobe hits $250.
Adobe may be one of the most misunderstood companies on the market. It seems like everyone thinks they are a beneficiary of the AI trend. But they are not. I’ve read through all of Adobe’s filings and transcripts and one thing is clear – they have, at best, a weak AI monetization strategy....
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Adobe Has A Weak AI Monetization Strategy