Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

3. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders In Q3 2024: 123

Adobe Inc. (NASDAQ:ADBE) is one of the most well-known productivity software providers in the world. The firm has faced quite a tumultuous time on the stock market in 2024. First, Adobe Inc. (NASDAQ:ADBE)’s shares sank as investors were wary of the firm’s ability to ride the AI wave. Then, the firm’s AI portfolio won them over and the shares gained for a brief while before collapsing by a whopping 20% in October after a tepid guidance. Cramer believes that Adobe Inc. (NASDAQ:ADBE)’s customers are looking for value instead of premium features:

“Well I think that Adobe’s AI, I have to like Firefly very much. But this Canva product, I mean Canva is still, it’s so, the suite of Adobe products, it’s still, it’s so expensive. It’s fantastic. And any pro would never use a Canva. But when we, if Canva gets taken up in the design schools in this country, it will be existential for Adobe. Which is a fantastic company. So, be aware, they are the gold standard but people are not, people look for value everywhere now and they’re cutting back on anything. I think there are people who just say you know what this is just too expensive.”