🔴 Adobe is trading 4.5% down today amid broader tech selloff and AI cost concerns

ADBE is trading at $286.19, down 4.5%, as technology stocks face pressure from investor concerns over prolonged AI profitability timelines.

• The decline reflects a broader market rotation, with the Nasdaq Composite down 0.96% and major tech peers like Microsoft falling 6-7%.
• Weakness is compounded by recent analyst downgrades, including UBS cutting its target to $340 and Oppenheimer downgrading to Perform.
• Increased competitive threat following Apple's announcement of Creator Studio, a competing subscription bundle for content creators.