Adobe's Artificial Intelligence (AI) Investments Are Paying Off, but Is the Growth Stock a Buy Now?
ADBEAdobe(ADBE) The Motley Fool·2024-06-18 20:00

Adobe is well-positioned to be a market leader in the new age of AI-infused creativity. Adobe (ADBE -1.25%) shares shot up 14.5% last Friday after the company reported strong second-quarter results and boosted its full-year 2024 guidance. Adobe had been one of the poorer-performing stocks in the S&P 500 index. And even after Friday's gain, it is still down 12% in 2024. Here's why Adobe could be turning the corner and why the growth stock is worth buying now. A new narrative Adobe stock sold off heavily in M ...