The Adobe offices in San Francisco, California. Photographer: David Paul Morris/Bloomberg

Concerns about the impact artificial intelligence will have on software companies have prompted more Wall Street analysts to recommend selling Adobe Inc. and Salesforce Inc. stock than they have in years.

Morgan Stanley is the latest to caution about the risk, downgrading both the companies along with several other stocks in the sector. At least five including Stifel, Evercore ISI, Wolfe Research, and Phillip Securities have cut their recommendation on Adobe since the start of June, and more than a dozen firms have downgraded it in 2026.

由于担忧人工智能对软件公司的影响，华尔街分析师们建议抛售奥多比（Adobe Inc.）和赛富时（Salesforce Inc.）股票的人数达到近年来的最高水平。

摩根士丹利成为最新一家对风险发出警告的机构，下调了这两家公司及该板块其他多只股票的评级。自 6 月初以来，至少有五家机构——包括 Stifel、Evercore ISI、Wolfe Research 和辉立证券——已下调对 Adobe 的评级建议，2026 年更有超过 12 家公司对其进行了评级下调。