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Cloud Stocks: Adobe Beta Launches its Generative AI Tool – the Firefly

Adobe (NASDAQ: ADBE) recently reported its first quarter results that outpaced market expectations. Adobe is also venturing into the AI space with the release of its Generative AI engine – the Firefly. Adobe's FinancialsAdobe delivered a record first quarter with revenues growing 9% to $4.66 billion, ahead of the market's estimates of $4.62 billion. Adjusted EPS of $3.80 also beat analyst estimates of $3.68. By segment, revenues from the Digital Media segment grew 9% to $3.4 billion ...
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