Everyone Thinks AI Will Destroy Adobe's Business. Here's Why It Could Flourish Instead.

Since OpenAI's ChatGPT made its debut in November 2022 and ushered in the Age of AI, the S&P 500 has risen 68%. While mostly powered by gains from big tech stocks, plenty of other companies like McDonald's and Starbucks have rallied on expectations that AI-driven technologies will supercharge productivity and increase margins.Yet in this time frame, Adobe (NASDAQ: ADBE) has suffered. Shares of the $112 billion company, which offers creative products for photographers, video editors, graphic and experience designers, game developers, content creators, marketers, and more, trade down 21% on fears that AI content-creating technologies will make its services obsolete.This year, the sell-off has intensified, with shares down 23.5% year to date. The mainstream media is piling on, with Forbes wondering whether Adobe is a "falling knife," while Wall Street firms dumped a net 4.8 million shares last quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool