We recently published 15 Stocks Jim Cramer Discussed As He Said CEOs Were Afraid Of Hiring. Adobe Inc. (NASDAQ:ADBE) is one of the stocks Jim Cramer recently discussed.
Adobe Inc. (NASDAQ:ADBE)’s shares haven’t been spared in today’s AI-driven market. They have lost 18.9% year-to-date as the firm has failed to convince investors that its AI products have captivated customer sentiment. For instance, Adobe Inc. (NASDAQ:ADBE)’s shares fell by 5% in June after the firm warned that it expected to see a longer time horizon when it came to AI monetization. Cramer discussed Adobe Inc. (NASDAQ:ADBE) in the context of the broader bearishness surrounding software stocks:
“Next up is Adobe. . .on the 11th, Adobe’s going to report. This is this battle between these software companies that are not software-as-a-service and software companies that are.
While we acknowledge the potential of ADBE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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