🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Adobe drops on weak forecast fueled by AI competition fears

Livemint

Livemint · 1y ago

Adobe drops on weak forecast fueled by AI competition fears

Adobe Inc. stock dropped by 10% in after-hours trading after the company provided a weak sales outlook for the current quarter. The revenue projection of $5.25 billion to $5.3 billion fell short of analysts' expectations of $5.31 billion. Adobe is facing concerns that new AI-focused startups are posing a competitive threat, despite incorporating its proprietary AI model into its top products. Investors await greater financial impact from Adobe's AI features. The company announced a new $25 billion share buyback program and plans to showcase more video features in the coming months.

Related News

Adobe drops as weak forecast fans worries about competition, AI efforts

Economic Times

Economic Times · 1y ago

Adobe drops as weak forecast fans worries about competition, AI efforts

Adobe's shares dropped by 12% after the company released a disappointing quarterly forecast. The lackluster forecast raises concerns about competition and the company's ability to profit from AI integrations. Adobe faces competition from startups challenging its dominance in the graphics industry. The company's revenue forecast for the quarter fell below estimates, and its overall market value is expected to decrease significantly. Despite being in the early stages of monetizing AI, Adobe announced a $25 billion stock buyback. The stock currently trades at 30.41 times forward profit estimates.

Microsoft shares slide 5% as cloud forecast, AI spending disappoint

Economic Times

Economic Times · 5m ago

Microsoft shares slide 5% as cloud forecast, AI spending disappoint

Microsoft's cloud computing business forecast fell short of expectations, causing its shares to drop by 4.5%. Despite beating quarterly sales estimates, concerns linger over high spending in AI and competition from cheaper Chinese models. Azure's growth projections are below expectations, with revenue growth missing estimates. Microsoft's capital expenditures exceeded expectations, and the rise of Chinese AI models like DeepSeek has heightened price war fears. Investors seek assurance on the monetization of significant AI investments.

India’s creative economy to lead next growth wave, says Adobe CEO at Waves Summit

Economic Times

Economic Times · 2m ago

India’s creative economy to lead next growth wave, says Adobe CEO at Waves Summit

Adobe CEO Shantanu Narayen predicts India's economic growth will be fueled by creativity, with AI transforming content creation. Speaking at the WAVES Summit 2025, he emphasized AI's role in enabling local, real-time content production. With over 100 million content creators in India, Narayen highlighted the rise of regional content and gaming. He advocated for developing local AI models for digital sovereignty and called for India to lead in ethical AI discussions. Adobe announced partnerships to enhance AI-driven creative workflows.

Adobe shares slide as investors skeptical of quicker AI-adoption returns

Economic Times

Economic Times · 1m ago

Adobe shares slide as investors skeptical of quicker AI-adoption returns

Adobe's shares fell by 7% due to investor concerns over the time it might take for AI integration to yield returns, despite the company's raised annual revenue forecast. The market remains skeptical about the competitive pressures and slower AI monetization. Adobe plans to incorporate AI models from OpenAI and Google into its Firefly tool, which facilitates creative tasks like image and video editing based on text prompts, avoiding copyright challenges.

Bumble cuts ~350 employees as dating apps face a reckoning

TechCrunch · 1y ago

Bumble cuts ~350 employees as dating apps face a reckoning

Bumble, the online dating platform, has reported weak Q4 2023 results, with a net loss of $32 million and $273.6 million in revenue. This comes alongside a disappointing Q1 2024 forecast, leading to a 10% drop in Bumble's stock. As a result, Bumble is making significant changes, including a workforce reduction of 37% and an app overhaul to stimulate growth. The company plans to focus on AI, enhanced safety measures, and features targeting younger audiences. Bumble faces stiff competition from Match Group, owner of Tinder, Hinge, and Match, as they aggressively target Gen Z users.

Adobe embroiled in anti-trust issues, forecasts revenue below estimates

Livemint

Livemint · 1y ago

Adobe embroiled in anti-trust issues, forecasts revenue below estimates

Adobe is facing regulatory scrutiny over its subscription models and has forecasted annual and quarterly revenue below estimates. The company has been cooperating with the Federal Trade Commission (FTC) since June 2022 in response to an investigation into its disclosure and subscription cancellation practices. The FTC staff asserted the authority to enter into consent negotiations, which could result in significant monetary costs or penalties. Additionally, Adobe's acquisition of Figma is being probed by Britain's competition regulator. The company's revenue forecast for the current quarter and fiscal year 2024 is also below expectations.

Sensex, Nifty give up early gains as IT stocks drag on Cognizant's outlook

VCCircle

VCCircle · 1y ago

Sensex, Nifty give up early gains as IT stocks drag on Cognizant's outlook

Indian shares gave up early gains as IT stocks dragged down by weak revenue forecast from Cognizant. The NSE Nifty 50 settled 0.01% higher, while the S&P BSE Sensex dropped 0.05%. India's IT sub-index fell 1.25% after Cognizant's weak outlook. The small- and mid-cap segments outperformed the benchmarks, driven by post-results rallies and regulatory approvals. Investors await the Reserve Bank of India's policy decision, focusing on commentary about the economy and inflation.

Adobe's dull forecast raises AI monetisation doubts, shares fall

Economic Times

Economic Times · 4m ago

Adobe's dull forecast raises AI monetisation doubts, shares fall

Adobe's second-quarter revenue forecast aligns with Wall Street expectations, but lingering doubts about AI monetization have led to a share drop of over 4%. The company reported first-quarter revenues of $5.71 billion, surpassing forecasts. Even as Adobe integrates AI into its products to outpace competitors, concerns persist over the speed of AI monetization, despite assurances of future revenue growth. Analysts expect eventual excitement over new AI-driven products to outweigh current investor concerns.

Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia

Economic Times

Economic Times · 11m ago

Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia

Apple and Nvidia led a sell-off in technology stocks on Monday as fears of a U.S. recession and Berkshire Hathaway cutting its stake in Apple weighed on the sector. Shares of Alphabet, Amazon, Meta Platforms, Microsoft, and Tesla also fell. Chip stocks, including Advanced Micro Devices, Intel, Super Micro Computer, and Broadcom, also saw significant declines. The slide in stock prices was influenced by a weak U.S. payrolls report and concerns about the tech industry's outlook. Additionally, reports of design flaws potentially delaying the launch of Nvidia's AI chips impacted the company's shares.

Nvidia’s $400 Billion Tumble This Week Makes Bitcoin Look Calm

Livemint

Livemint · 10m ago

Nvidia’s $400 Billion Tumble This Week Makes Bitcoin Look Calm

Nvidia, the world's biggest maker of AI chips, has seen its stock value drop by over $400 billion this week, adding to concerns over the health of the US economy and an overhyped AI trade. The company's shares have become increasingly volatile, experiencing greater swings than its peers and even Bitcoin. The recent decline was driven by a weak forecast and issues with its Blackwell chip, as well as news of a Justice Department antitrust probe. Despite the slide, Nvidia's stock is still up over 100% this year, and analysts remain positive on its long-term prospects in the AI industry.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.