Adobe's Long-Term CEO to Step Down, Stock Price Plummets Over 7% in After-Hours Trading

2 day ago / Read about 0 minute

Author：小编

US design software giant Adobe announced on Thursday that its CEO Shantanu Narayen, who has led the company for 18 years, will step down after a successor is identified and will continue to serve as Chairman of the Board for a period of time following his departure. Affected by this news, coupled with market concerns about Adobe's strategic prospects in the era of artificial intelligence, the company's stock price fell more than 7% in after-hours trading. Despite Adobe's latest financial report showing record-high revenue, the rise of generative AI is posing challenges to its traditional business.

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