Shares of Adobe Inc. (NASDAQ: ADBE) are trading near $336, and retail investor sentiment has shifted decisively bullish heading into the company's December 10 earnings report.
Adobe's fundamentals remain strong despite a sharp selloff driven by fears AI will undercut traditional creative software businesses. LLMs are more likely to serve as engines powering existing platforms than fully replace entrenched SaaS applications like Adobe. Users prefer familiar interfaces, making Adobe's AI-enhanced tools stickier than standalone LLM workflows that require new habits.
Adobe is seeing improved monetization of its expanding AI ecosystem. The company's AI-first products surpassed its fiscal 2025 full-year target revenue by the end of the third quarter.
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US online spending during the Cyber Five holiday period rose about 8% from last year, beating expectations as shoppers pursued discounts and increasingly relied on AI-assisted tools, Bank of America said on Tuesday, citing data from Adobe Inc (NASDAQ:ADBE) and Salesforce Inc (NYSE:CRM, XETRA:FOO). The Cyber Five refers to the five-day period around Thanksgiving in the US that is considered the ...
U.S. shoppers spent $14.25 billion on Cyber Monday, pushing total online sales over the Thanksgiving weekend to $44.2 billion, according to an Adobe Analytics report, as consumers lapped up offers on everything from gadgets to household essentials.
Adobe Stock (NASDAQ: ADBE) has seen a notable decline of 27% year-to-date. This downturn has been influenced by various elements, such as market apprehensions regarding increased competition from AI-focused firms and doubts about Adobe's ability to effectively capitalize on its significant AI investments.
British shoppers spent 3.8 billion pounds ($5.0 billion) online across the four days of Black Friday to Cyber Monday, up 4.6% year-on-year, according to data from Adobe Analytics published on Tuesday.
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