Adobe Slides Amid AI Monetization Concerns as Crypto Markets Hold Steady
Adobe shares fell 1.9% as Goldman Sachs' bearish rating highlighted challenges in monetizing high-end subscriptions. The sell-side note arrives during a pivotal week for risk assets, with software stocks and cryptocurrency markets awaiting Thursday's CPI print.
While Adobe's Firefly AI demonstrates technical prowess, investors question whether generative AI can offset slowing Creative Cloud growth. This skepticism mirrors crypto traders' cautious approach to AI-themed tokens (FET, AGIX, RNDR) after their Q4 2023 rally.
The broader digital asset market showed muted reaction, with Bitcoin holding $29K and ethereum consolidating at $1,850. Layer 2 solutions (ARB, OP, METIS) and AI-adjacent protocols (RNDR, AKT) saw light volume—a sign markets await clearer macroeconomic signals.