Mar 15, 2024 - Economy

Charted: Adobe AI timeline disappoints

Data: Yahoo Finance; Chart: Axios Visuals
Data: Yahoo Finance; Chart: Axios Visuals

Adobe's stock fell 13.7% today after the company projected quarterly revenue that fell short of estimates, Hope writes.

The big picture: Investors are increasingly focused on results from new AI tools, over hype.

  • AI will be "slower to monetize than investors want," Jefferies analyst Brent Thill wrote, per MarketWatch.
avatar

This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

Read the full edition
Go deeper