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$ADBE CEO: "We have now surpassed 12 billion Firefly-powered generations across Adobe tools... customers of all sizes continue to adopt and realize value from AI...AI has the potential to empower creative professionals, communicators, consumers, and organizations of all sizes to…
Why Adobe is "likely to emerge as the leader in AI," according to this analyst: https://t.co/P6uM2Hl45K
Adobe’s solid Q3 results beat expectations, but nervous traders sold off. Is this a buying opportunity in AI tech? 💼📉 #AdobeStock #Investing #AI https://t.co/oCMHcr64Vc
Adobe reported strong Q3 2024 earnings, with revenue reaching $5.41 billion and earnings per share (EPS) at $3.81, driven by robust subscription growth and a focus on AI integration. The company generated $2.02 billion in cash flows. Despite these positive results, Adobe's stock experienced a sell-off, with traders reacting nervously and post-report lows being noted. Adobe's CEO highlighted the company's achievements in AI, noting that they have surpassed 12 billion Firefly-powered generations across their tools and that AI continues to be adopted by customers of all sizes. Some analysts suggest this could be a buying opportunity in AI tech.