Top 10 Trending AI Stocks on Latest News

2. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 123

Adobe Inc. (NASDAQ:ADBE) is a diversified software company worldwide that offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content. The company has sought to strengthen its product portfolio by integrating artificial intelligence to empower filmmakers at all levels. The integration was one of the catalysts behind the company’s revenue in the digital media segment, growing by 12% in the fourth quarter.

On January 28th, the company unveiled Adobe Premiere Pro, After Effects, and Frame.io, designed to streamline workflows and address common pain points for frequent software users. The AI-powered tools will make it easier for editors to locate specific footage by identifying objects, locations, camera angles, and metadata. Additionally, Adobe Inc. (NASDAQ:ADBE) announced a $5 million investment in the Adobe Film & TV Fund to help underrepresented filmmakers and creators pursue careers behind and on screen.