ADBE - This Underrated Artificial Intelligence (AI) Stock Is Picking Up Steam
2024-07-12 06:00:00 ET
Artificial intelligence (AI) has been driving a lot of sales growth for businesses. But not every business has been booming. Up until recently, Adobe (NASDAQ: ADBE) had been a laggard among AI stocks.
The tech company doesn't make chips, and its sales haven't been tripling like they have for other businesses experiencing a flurry of demand. But its popular photo-editing software Photoshop is a must-have for many who are serious about photography, and the company has been using AI to enhance its capabilities, making it a potentially underrated play for AI investors.
Recently, the stock has been scorching hot. And there could be much more upside in the near term. What's behind Adobe's rally, and is now the time to buy the stock?
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This Underrated Artificial Intelligence (AI) Stock Is Picking Up Steam