Jim Cramer’s Bold Predictions About These 15 AI Stocks

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6. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders In Q3 2024: 123

Date of Cramer’s Comments: September 6th, 2024

Performance Since Then: -18.3%

Adobe Inc. (NASDAQ:ADBE) is a software company that provides productivity tools. It’s shaped up to be one of the most consequential enterprise software AI stocks due to its large customer base and reliance on subscription revenue. Adobe Inc. (NASDAQ:ADBE)’s shares have lost 18.3% since Cramer’s remarks. All of the drops have been fueled by weak earnings guidance that created skepticism about the firm’s ability to generate AI revenue. However, 2025 has been a good year so far as the shares are up by 4.34% year-to-date. Here’s what Cramer had said about Adobe Inc. (NASDAQ:ADBE) in September 2024:

“Adobe Inc. (NASDAQ:ADBE) reports after the close. We’ve had three positive analyst notes ahead of this quarter, which is extremely bullish. Against that, of course, is the fact that Adobe is a tech company with an AI component, which is now suddenly “guilty until proven innocent”—a complication to an otherwise magnificent story. That said, I sense this should be a good result for the bulls, given that the analysts are promoting it so aggressively ahead of the quarter.”

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