Adobe shares have dropped 21% despite record-breaking revenue and earnings growth. The $112 billion company fears that AI content-creating technologies will make its services obsolete, but CEO Shantanu Narayen calls the AI revolution “the biggest opportunity for Adobe in decades.” Despite declining sentiment, Adobe’s adoption of AI across its platforms is paying off, with record bookings and a 25% year-over-year increase in clients paying $10 million or more in annual recurring revenue.
Source: https://www.fool.com/investing/2026/02/10/ai-will-destroy-adobe-business-why-wrong-adbe