FILE PHOTO: Adobe logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast.
"(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA Research.
