8 AI Stocks Sending Shockwaves on Wall Street Following DeepSeek Scare

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1. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 123

Adobe Inc. (NASDAQ:ADBE) is a software company that offers services, and solutions that enable individuals to create, publish, and promote content. The company continues to release more generative artificial intelligence features for its software as it looks to take advantage of the AI boom. Consequently, it unveiled new intelligent contract capabilities in Acrobat AI assistant on February 3rd.

The new features seek to make it easy for people to work on contracts. Users can now grasp complex terms and spot differences in various agreements. By using Acrobat AI Assistant’s contract intelligence features, business owners can easily find important dates in vendor contracts or get ready to go over a new partnership agreement with their lawyer. Among other things, finance teams can expedite sales contract reviews.

Acrobat AI Assistant should revolutionize how individuals and organizations handle their documents while allowing Adobe Inc. (NASDAQ:ADBE) to tap new growth opportunities. In the last quarter of 2024, customer conversations in the Acrobat AI Assistant app doubled from quarter to quarter due to new features and increasing usage.

While we acknowledge the growth potential of Adobe Inc. (NASDAQ:ADBE), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ADBE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article was originally published at Insider Monkey.

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