Adobe reported strong second-quarter financial results, surpassing expectations due to high demand for its artificial intelligence products. Despite this positive financial performance, Adobe's stock has dropped 37% in 2023 and continued to decline in late trading.

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Adobe Stock Slides Despite Record Results. CFO Heads for Chip Company.

By Angela Palumbo

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Adobe stock has dropped 37% this year. (Jeff Spicer/Getty Images for SXSW London)

Adobereported better-than-expected second-quarter financial results on Thursday night backed by strong demand for its artificial intelligence products. The stock was still sliding in late trading.

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