德意志銀行將Adobe評級下調至「持有」，因對AI變現的擔憂
Adobe（NASDAQ:ADBE）尚未顯示出其生成式機器學習文本轉圖像技術的正面財務影響，儘管該軟件集團對該模型的潛力持支持態度，這是德意志銀行分析師的觀點。
在一份將Adobe股票評級從「買入」下調至「持有」的報告中，分析師布拉德·澤爾尼克（Brad Zelnick）表示，他們預計Adobe的股價將「在區間內波動」，直到該公司「顯示出更多具體的證據」來證明其人工智能能力的變現。
分析師指出，Adobe每年的新經常性收入（衡量來自新客戶的收入減去流失的銷售）在美元基礎上已連續第三年減速。他們補充說，華爾街對當前財政年度的預測已經嵌入了進一步放緩的預期。
因此，分析師們表示他們「將其置於觀望狀態」，認為儘管他們相信Adobe最終會在變現生成式人工智能的競賽中成為「贏家」，但「這一點需要一些時間才能在公司的披露和/或財務報表中變得明顯」。
這些評論是在Photoshop製造商於12月發布全年收入預測時提出的，預測範圍為233億至235.5億美元，低於分析師平均預測的237.8億美元，根據路透社引用的LSEG數據顯示。
多家券商在該公告後下調了Adobe股票的目標價，儘管該公司的管理層表示計劃在下半年實現穩定增長。Adobe一直依賴於對AI增強的視頻和圖像生成工具（如其Firefly產品）的重磅投資，以抵消來自像Stability AI、Midjourney和OpenAI的Sora等初創公司的競爭壓力。
在預測不如預期的情況下，Adobe的股價大幅下跌，過去一年已經下滑超過27%。
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這篇報導揭示了Adobe在人工智能領域的挑戰，特別是在變現方面的困難。隨著AI技術的迅速發展，市場對於Adobe的期望顯然是高的，但實際表現卻未能匹配這些期望。這反映出在技術創新和商業化之間，企業仍需面對許多不確定性和挑戰。
而且，德意志銀行的評論也強調了投資者在當前經濟環境中應持謹慎態度，特別是在科技股受壓的情況下。Adobe未來能否成功轉型，並在激烈的市場競爭中找到自己的位置，將是投資者關注的焦點。這也提醒我們，對於任何企業來說，創新雖然重要，但如何有效地將這些創新轉化為實際的商業價值同樣關鍵。
以上文章由特價GPT API根據網上資料所翻譯及撰寫，過程中沒有任何人類參與 🙂
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![Ultra-detailed pastel kawaii cosplay portrait of a woman [image uploaded] character, posed with hands gently pressed together under her chin in a soft, doll-like gesture; vivid long wavy hair in split-gradient lavender and pink with styled curled ends; straight bangs dyed pastel lavender; decorative accessories throughout the hair including pastel bows, lace ribbons, small charms, and a frilled white lace headpiece with pink accents; makeup: heavy kawaii style with saturated pink eyeshadow, pink blush extending across cheeks and nose, glossy pink lips, heart-shaped cheek stickers, and large contact-lens-enhanced eyes; outfit: pastel pink lace wrist cuffs with big bows and heart embellishments, soft pastel clothing with ribbons and frills; background: dreamy soft-focus bokeh in shimmering pink tones creating a magical fairytale atmosphere; lighting: bright soft diffused beauty lighting with zero harsh shadows, high exposure pastel glow, smooth porcelain skin texture, ultra-saturated colors, whimsical fantasy aesthetic, high-resolution portrait photography. Negative: no real-person likeness, no watermark, no text, no distortion, no extra limbs, no deformed face, no realism unless stylized, no background objects.](https://ssfuture.shop/wp-content/uploads/ai_gen_1765323126-300x201.png)
![{
"intro": "Create an ultra realistic 8K UHD DSLR photo based on the attached image as a reference of facial features, maintaining 100% likeness.",
"subject": {
"identity": "A stylish beautiful woman portrayed as Cleopatra during her sacred milk bath beauty ritual, embodying divine femininity, sensual elegance, and timeless power.",
"angle": "Close-up beauty editorial captured at a refined 3/4 angle, focusing on her face, shoulders, and upper chest with extreme clarity and no blur.",
"pose": {
"body_position": "She is partially submerged in a luxurious milk bath, her shoulders and collarbones emerging gracefully from the surface.",
"hands": "One hand gently rests at the edge of the bath with milk droplets on her fingers, while the other lightly touches her neck adorned with subtle gold jewelry.",
"expression": "Soft yet commanding gaze directed toward the camera—calm, confident, intimate, and hypnotic."
}
},
"appearance": {
"outfit": "A barely-there, ritual-style ivory silk drape partially submerged in the milk bath, clinging softly to her skin. The fabric is delicate and translucent, edged with fine gold-thread embroidery for a sensual, sacred aesthetic.",
"accessories": "Minimal ritual jewelry—thin gold collar necklace resting above the milk surface, delicate arm cuff, subtle finger ring—kept refined to maintain focus on beauty and skin.",
"hair": "Her hair is sleek and ritual-polished, partially damp and slicked back at the crown, with soft wet strands framing her face naturally, reflecting candlelight.",
"makeup": "High-fashion Cleopatra beauty makeup with ceremonial artistry—perfectly sculpted brows, elongated black kohl eyeliner, vibrant eyeshadow layered in turquoise, teal, emerald, sapphire blue, and metallic gold. Beneath the eyes, subtle artistic ink-inspired accents echo ancient Egyptian symbolism. Her skin is luminous and dewy, cheeks softly flushed, and lips finished in a nude-rose satin sheen."
},
"ritual_props": {
"bath": "A carved alabaster bathtub filled with warm milk infused with honey, almond oil, and lotus essence.",
"floating_elements": [
"Fresh lotus flowers",
"Soft white rose petals",
"Delicate gold flakes shimmering on the milk surface"
],
"beauty_products": [
"Small golden perfume vial with lotus and myrrh oil",
"Alabaster bowl of honey and milk mixture",
"Clay jar of mineral kohl and pigment powders"
]
},
"background": {
"macro_environment": "An intimate royal bathing chamber within Cleopatra’s palace, designed as a sacred beauty sanctuary.",
"midground_details": "Soft linen curtains, glowing oil lamps, tall candles, and subtle steam rising from the bath, creating a warm and sensual atmosphere.",
"micro_elements": "Milk ripples around her skin, floating petals touching her shoulders, tiny droplets of moisture on her collarbones, reflections of candle flames on gold jewelry, visible stone texture on the tub, and delicate fabric translucency—every detail sharply rendered with zero blur."
},
"lighting": {
"type": "Warm cinematic candlelight combined with soft ambient palace glow.",
"effect": "Golden highlights sculpt her face and skin while gentle shadows enhance depth, intimacy, and divine beauty."
},
"camera": {
"camera_type": "DSLR",
"resolution": "8K UHD",
"lens": "85mm prime lens for beauty editorial compression",
"aperture": "f/8 for maximum facial and detail sharpness",
"iso": 100,
"shutter_speed": "1/160s",
"focus": "Extreme sharp focus on facial features, skin texture, makeup details, and milk surface, no bokeh, no blur"
},
"style": "Luxury beauty editorial, sacred milk bath ritual, ancient Egyptian goddess realism, intimate yet powerful, ultra-detailed, luminous skin focus, cinematic elegance"
}](https://ssfuture.shop/wp-content/uploads/ai_gen_1766006026-300x167.png)
![[Subject]: Young Asian female with "Imada Mio-inspired" doll-like aesthetic (精緻洋娃娃臉). She has large round expressive eyes, a small V-line face, and rosy cheeks. Her expression is innocent, energetic, and slightly flirty. [Hair]: Messy morning hair (剛睡醒的凌亂感), long dark brown hair, slightly tousled, natural volume. [Outfit]: Wearing an oversized translucent white button-down shirt (男友風白襯衫), unbuttoned at the top to reveal collarbones, creating a "bottomless" look (下衣失蹤風格). [Style]: Japanese Gravure Photobook style (寫真集風格), Pure & Sexy vibe, bright high-key lighting, soft skin texture, Fujifilm PRO 400H color tone.](https://ssfuture.shop/wp-content/uploads/ai_gen_1764973286-300x300.png)