Adobe Jumps 19% in a Month: Is There Any Momentum Left in the Stock?

Adobe (ADBE) shares have jumped 19% in a month, reflecting its deepening Generative AI (Gen AI) focus and innovative Gen AI-powered portfolio. A pause in tariffs that reduced macroeconomic uncertainty also helped the stock. However, Adobe’s near-term prospects remain challenging given stiff competition in the AI and GenAI space from the likes of Microsoft (MSFT) -backed OpenAI, as well as a lack of monetization of its AI solutions. Adobe’s AI business is minuscule compared with the likes of Microsoft and Al ...