Adobe: Strong Growth Tailwinds Justify Premium Price

SOPA Images/LightRocket via Getty Images The adage that "software is eating the world" has never been more true than in the age of generative AI. The prospect of automation and simplifying previously difficult tasks has created tailwinds in many areas of software, even those that are not thought to be directly related to AI. Adobe (NASDAQ:ADBE) is one such beneficiary. The creative software suite has seen its share price rally by more than 70% over the past year. And while it's fair to express caution o ...