Adobe Q2 earnings preview: How will the stock react?
On Monday, June 10, 2024, Adobe Inc. (NASDAQ:ADBE) faced a significant setback as Melius Research downgraded the stock from Buy to Hold, triggering a 1.1% drop in premarket trading. The downgrade was primarily driven by concerns about the broader enterprise software industry’s challenges with artificial intelligence (AI), which could pose a long-term threat to Adobe’s