11 Best Enterprise Software Stocks to Invest In

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2. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 123

Adobe Inc. (NASDAQ:ADBE) is a software company that provides a range of creative, marketing, and document management solutions. Its product portfolio includes well-known industry-standard tools such as Photoshop, Illustrator, InDesign, Acrobat, and Premiere Pro, utilized by millions of professionals worldwide.

In 2024, the company focused on integrating GenAI in its offerings. It introduced AI models like Firefly, with capabilities spanning image, vector, design, and video generation, revolutionizing creative workflows. This innovation is deeply integrated into flagship applications like Photoshop, Premiere Pro, and Acrobat. Resultantly, Adobe Inc. (NASDAQ:ADBE) surpassed $2 billion in net new Digital Media ARR for the first time. This was further solidified by the Digital Experience business exceeding $5 billion in revenue, driven by the success of Adobe Experience Platform and native apps, which leverage AI too.

The surge in AI-powered creativity contributed to a record revenue of $21.51 billion in fiscal year 2024, representing an 11% year-over-year growth. The company’s continued investment in AI innovation, positions Adobe Inc. (NASDAQ:ADBE) for continued success in the years to come.

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