Adobe shares plunged to a 52-week low of $264.04 today, driven by investor fear over stiff AI competition and a massive sell-off across the software sector.
- The stock partially recovered from its low, trading up 2.74% at $279.39.
- Analysts noted the decline is fueled by an uncertain macro environment and rivalry from AI tools, despite Adobe's aggressive AI push.
- The recent weakness signals persistent pressure on the company's valuation, following a 7.31% drop yesterday.