Adobe shares slide 2.13% and underperform rivals

8 articles · Updated · MarketWatch · May 6

The stock closed at $250.17 on Wednesday, even as the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly positive session.
The decline ended Adobe's six-day winning streak and lagged Apple, Microsoft and Alphabet, whose shares all advanced during the day.
Adobe finished 40.85% below its 52-week high of $422.95 reached on 21 May, while trading volume of 3.6 million stayed well below its 50-day average.

Is Adobe's $25 billion buyback a signal of confidence or a desperate move amidst the AI panic?

Can Adobe's AI-infused tools compete with new rivals that sell AI-generated results directly?