The business models of legacy software and information technology (IT) companies are being threatened by artificial intelligence (AI). It's not only investors who are ditching these companies to chase hot AI stocks, but also even top executives are on a similar path.
During its fiscal Q2 2026 earnings call, Adobe (ADBE) announced that its CFO, Dan Durn, would depart the company. Durn would join Marvell Technologies (MRVL), whose shares have more than tripled this year. Adobe, on the other hand, is trading near multi-year lows and is among the top losers of the S&P 500 Index ($SPX) in 2026.
