In what has been a common theme over the past couple of years, Adobe ( ADBE 2.41%) reported solid quarterly results, but the stock sold off with investors seemingly left wanting more from the maker of Photoshop and Acrobat. The stock is now down more than 10% on the year and has been running in place over the past five years.

Adobe faces significant disruption risks from AI-first rivals, struggling to replicate their rapid revenue growth and AI prominence. Despite resilient margins and a sticky subscription base, Adobe's lackluster AI revenue growth casts doubt on its ability to fend off competitors.

Live Updates Live Coverage Updates appear automatically as they are published. Massive Internet Outage 4:00 pm by Ahead of Adobe’s earnings there’s a massive outage of cloud services that’s brought down the share prices of several notable companies like Cloudflare (NYSE: NET).

The software company’s stock logged its seventh postearnings decline in eight quarters, as a boost to the revenue outlook wasn’t enough for Wall Street.

Despite a beat-and-raise quarter, investors continue to sell off Adobe. Learn more on ADBE stock's Q2 report and its quality business model.

Adobe Inc. (NASDAQ:ADBE) is one of the 12 AI Stocks Every Investor Should Be Watching. On June 13, Goldman Sachs analyst Kash Rangan reiterated a “Buy” rating on the stock with a $570.00 price target.