Jim Cramer Discusses These 12 Stocks & Shares Big Buying Signal

4. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders In Q4 2024: 117

Adobe Inc. (NASDAQ:ADBE) is a software company that is one of the biggest players in the productivity software market. Over the past year, its shares have fluctuated in response to investor expectations about AI exposure. Adobe Inc. (NASDAQ:ADBE)’s stock is down by 23% year-to-date as it struggles to navigate through a 15% drop in December and a 13% drop in March. The December drop was fueled by the high-end of the firm’s consensus forecast missing analyst estimates. In March, the shares tumbled as investors were left unconvinced about significant AI growth. Here is what Cramer said:

“I mean Adobe, barely, didn’t raise enough, you know obviously the stock’s going to get hurt very badly.”

“And there was a subtle analyst long knife moment, two different analysts were saying guys you’re being a little defensive. Are you really making any money off of AI? I’m not saying they were disrespectful. Cause Shantanu Narayen deserves all the respect in the world. I am saying that they were very circumspect about what he’s doing with AI. And that was a gut punch when you were reading the conference call. He was not good. Big meeting next week, maybe they can make it up. But I was disappointed.”