Adobe Shares Plunge Amid Acquisition Skepticism

Despite announcing a major strategic acquisition and raising its annual forecasts, Adobe is facing a severe market backlash. The software giant’s planned purchase of Semrush has been met with deep investor skepticism rather than applause, sending shares to new lows as competition in the artificial intelligence space intensifies.

The divergence in market responses could hardly be more striking. While Semrush shareholders celebrated a spectacular 75% surge following the acquisition announcement, Adobe investors have driven the company’s stock to a 52-week low of €272.60. This substantial decline reinforces a concerning technical downtrend, with shares now trading significantly below key moving averages.

What makes this selloff particularly noteworthy is that it Read more...