In January, top mutual funds were found to be investing in Adobe stock, worth $1.3bn, but not Nvidia, whose stock has risen substantially in 2023. Though Adobe does not feature on the IBD Long-Term Leaders list it has a better Earnings Stability Rating of 4, while Nvidia has 28 and Microsoft a score of 6. Both Adobe and Microsoft are featured in the IBD Breakout Stocks Index. As Adobe generates a second-stage flat base, it is targeting a buy point of $633.89. Whilst it remains to be seen whether Nvidia’s market can maintain its explosive growth, Adobe has combined marketing, analytics and creative tools to create a powerful generative AI platform. Adobe Sensei aims to redesign every aspect of its clients’ marketing initiatives by implementing Adobe Sensei GenAI. Adobe will showcase these developments at Adobe Summit 2024 where experts will discuss what other new developments the company is working on.
