Adobe stock drops more than 4% as new bull case says AI fears are overdone
Adobe shares fell 4.4% Friday morning amid a broader software sector decline, trading near $334 with a market value of about $140 billion. Investors remain focused on whether generative AI will threaten or boost demand for Adobe’s paid creative tools. Salesforce, Autodesk, and Microsoft also traded lower. Adobe’s 52-week range spans $312 to $466, reflecting volatility tied to AI’s impact on its business model.