Top 10 High Flying AI Stocks This Week

2. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 123

Adobe Inc. (NASDAQ:ADBE) is a diversified software company that offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content. It offers Document Cloud, a unified cloud-based document services platform. The company has been making strides around artificial intelligence technology as it looks to strengthen its product portfolio.

Likewise, analysts at BNP Paribas have taken note of the AI investments and innovations that the company is making and upgraded the stock on January 15 to Neutral from Underperforming. The upgrade comes on the heels of Adobe Inc. (NASDAQ:ADBE) unveiling two new AI-based tools for the Adobe Firefly web application. The new tools allow resizing up to 10,000 images in one click.

Additionally, the resizing tool will offer users a number of pre-made social media templates. Artificial intelligence will assist in expanding the background to the desired size in addition to shrinking the image. The two new AI tools follow the unveiling of features like Distraction Removal and Generative Shape Fill, which use AI to speed up creative workflows, as well as Photoshop and Illustrator.