Adobe (NASDAQ: ADBE) stock sold off on Friday after the software giant reported record revenue but muted Q2 fiscal 2024 guidance. The stock is now down around 20% since Feb. 1 in what has otherwise been a great period for the broader market and for artificial intelligence (AI) fueled growth stocks.

Let's dive into Adobe's results and management commentary to determine if this is a bad omen for the AI theme, or if Adobe's issues are more company-specific.

Image source: Getty Images.

Continue reading

Source Fool.com