Adobe shares plummet after CEO's departure amid rising AI competition

16:23 - 13.03.2026


March 13, Fineko/abc.az. Shares of American company Adobe have declined significantly after the announcement of the departure of CEO Shantanu Narayen, who led the corporation for 18 years.

ABC.AZ informs that during the preliminary trading, quotes fell to 9%, and company's securities have lost about 23% since the beginning of the year.

Investors are concerned about increased competition in the software market due to the rapid development of generative AI technologies. The decision to change management adds uncertainty about Adobe's future position in the AI segment.