Figma (FIG 4.06%) and Adobe (ADBE 2.31%) could have been one large company if not for a failed acquisition attempt a couple of years ago. Adobe recognized the potential that Figma possessed and wanted to buy the company for $20 billion.
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq:ADBE) announced that Qualcomm Incorporated (Nasdaq:QCOM) has selected Adobe GenStudio to accelerate its content supply chain with generative AI. As Qualcomm expands its leadership in intelligent computing, the mandate for its marketers has grown. Teams are having to orchestrate highly tailored experiences to accelerate deal closure, in a c...
Adobe remains a Buy as fundamentals stay strong despite AI disruption fears and recent stock underperformance. Q3 results were excellent: revenue up 11% YoY to $5.99B, Non-GAAP EPS up 14%, and record cash from operations. AI-infused products like Creative Cloud Pro, Acrobat AI Assistant, and Firefly are driving user growth, monetization, and new subscriber gains.
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