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The stock market's "show-me" mentality for artificial intelligence stocks -- rewarding companies with tangible results and punishing those that are heavy on expectation and promise -- claimed another victim Thursday.
Adobe (NASDAQ:ADBE) reported earnings after the close on Sept. 10, emphasizing user acquisition over its paid products. On top of that, fourth-quarter guidance fell short of analysts' expectations, sending the stock down nearly 5% in after-hours trading.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Adobe has managed to recover its losses on Friday morning and pull even. But investors are signaling their skepticism for Adobe stock even though it's showing strong growth in its AI products.