Adobe has been of the tech market's biggest underperformers so far this year, falling around 13.2% over the past twelve months as it struggles to monetize its ambitions to infuse

Adobe ( ADBE -12.68%) stock tumbled 12.4% through 10:30 a.m. ET Thursday despite beating earnings in its fiscal Q4 2024 report last night. Heading into the report, analysts forecast Adobe would earn $4.67 per share on $5.5 billion in sales. In fact, Adobe earned $4.81 per share, and its sales exceeded $5.6 billion.

Despite strong AI tool adoption, Adobe faces slowing growth and stiff competition. Read more to see why I remain neutral on ADBE stock.