Shares of Adobe (NASDAQ:ADBE) tumbled recently, thanks in part to the U.S. Department of Justice’s plans to block its $20 billion acquisition of Figma. Despite this, I still view Adobe as a stock that can provide investors with innovation at a reasonable price. I am bullish on Adobe stock.
Adobe Needs to Out-Innovate AI Disruptors
2023 has been all about the rise of artificial intelligence (AI) and its disruptive potential. Even if rates stay higher for longer, the magnitude of disruption from AI innovators is hard to ignore. ChatGPT, Bing, Bard, and text-based AI chatbots may be receiving most of the limelight right now. However, artistic AI software also deserves attention, especially from Adobe investors.