Adobe shares fall as annual revenue forecast triggers concerns on delayed AI returns

Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker’s downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected.

“While the company remains on track with its GenAI product roadmap, we think the lack of … explicit monetization metrics has made it harder for investors to get comfortable with the progress,” RBC analyst Matthew Swanson said.