Adobe announces ₹2.34 lakh crore stock buyback amid AI disruption fears

Adobe on Tuesday announced the company will repurchase up to $25 billion (₹2.34 lakh crore) in common stock through April 30, 2030. The move comes as the Photoshop maker seeks ‌to reassure investors of its growth strategy amid the rise of AI ⁠models that could hamper demand for traditional design products. Notably, Adobe stock has fallen around 30% this year.

Load More