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Cloud Stocks: Adobe Monetizing its Generative AI Tools

Adobe (NASDAQ: ADBE) recently reported its quarterly results that were ahead of market expectations. However, it provided a weak outlook that sent the stock tumbling 11% in the after-hours trading session. Adobe's Financials Adobe's first quarter revenues grew 11% to $5.18 billion, ahead of the market's estimates of $5.14 billion. Adjusted EPS of $4.48 also beat analyst estimates of $4.38. During the quarter, Digital Media segment revenue grew 12% to $3.82 billion with creative re...
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