Adobe Stock Joined the A.I. Upswing with Impressive Gains

Once threatened by the advancements in artificial intelligence (AI), shares of Adobe Inc. NASDAQ: ADBE  are now having their best day in over four years, all because of AI. The stock is now rallying by over 15% on the company’s most recent quarterly earnings results, primarily driven by some trends that have driven the technology sector higher this year.Adobe TodayADBEAdobe$525.31 +66.57 (+14.51%) 52-Week Range$433.97▼$638.25P/E Ratio47.20Price Target$605.17Add to WatchlistAnalysts were surprised that one o ...