Adobe just posted record AI revenue while its stock trades near multi-year lows, and Wall Street’s cautious consensus may be missing what happens when freemium conversions finally kick in.
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Adobe (NASDAQ:ADBE | ADBE Price Prediction) is growing AI revenue at a torrid clip while the stock trades like the business is broken.
CEO Shantanu Narayen told investors that “Adobe delivered record revenue of $6.62 billion in Q2 reflecting strong AI-driven demand across our customer groups.” AI-first ARR tripled year over year and exceeded $500 million. Yet shares are down 16.34% year to date. Can ADBE…
