← Back to news
US stocks: Adobe shares rises after it launches AI suite for corporate clients as competition heats up

US stocks: Adobe shares rises after it launches AI suite for corporate clients as competition heats up

Published: April 20, 2026 · The Economic Times

View original

Reuters
Adobe launched a suite of ​artificial intelligence tools ​on Monday to help corporate clients ​automate and personalize digital marketing functions, in a bid to fend off competition from autonomous tools ‌offered ⁠by startups ⁠such as Anthropic.

A selloff in software stocks, ​sparked by the rise of AI tools that can ​automate a growing number of human tasks, is pressuring firms like Adobe and ​its peers, as investors weigh ⁠the threat ‌from offerings by Anthropic ​and ​OpenAI.

As on 20 Apr 2026, 07:34 PM IST

S&P 500 Top Gainers

ServiceNow100.17(3.63%)
Hewlett Packard27.36(3.46%)
Salesforce188.22(3.34%)
Gainers»

S&P 500 Top Losers

Intel66.37(-3.10%)
Royal Caribbean Gr278.03(-2.61%)
Clorox101.85(-2.61%)
Losers»

Shares of Adobe were up 2.2% ⁠in morning trading. As of last ​close, the stock has fallen about ​30% so far this year.

Adobe said the new suite, dubbed CX Enterprise, uses AI agents to help businesses manage how they interact with customers.

The design ‌software maker is also teaming up with several technology companies, including ​Amazon, Microsoft, ​Anthropic, OpenAI ⁠and Nvidia, to ensure its new AI system works across different platforms.

Anthropic on Friday unveiled ​Claude Design, an experimental feature that allows users to create visuals such as prototypes, slide decks and one-page documents using its chatbot.

Add ET Logo as a Reliable and Trusted News Source

(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...more

(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...more