Jim Cramer Discusses Adobe Inc. (ADBE) Ahead Of Earnings

We recently published 15 Stocks Jim Cramer Discussed As He Said CEOs Were Afraid Of Hiring. Adobe Inc. (NASDAQ:ADBE) is one of the stocks Jim Cramer recently discussed.

Adobe Inc. (NASDAQ:ADBE)’s shares haven’t been spared in today’s AI-driven market. They have lost 18.9% year-to-date as the firm has failed to convince investors that its AI products have captivated customer sentiment. For instance, Adobe Inc. (NASDAQ:ADBE)’s shares fell by 5% in June after the firm warned that it expected to see a longer time horizon when it came to AI monetization. Cramer discussed Adobe Inc. (NASDAQ:ADBE)  in the context of the broader bearishness surrounding software stocks:

“Next up is Adobe. . .on the 11th, Adobe’s going to report. This is this battle between these software companies that are not software-as-a-service and software companies that are.

“[On whether not getting Figma was a blessing or a curse] Figma was way too high, I think not getting Canva. . .but, what’s interesting is that. . .this is unusual. These are amazing companies, they’re great companies and their products are good. And nobody cares anymore because these are the ones that people think are just being blown up by AI. So these are the ones that are real casualties of AI.

“All I’m saying is that this was. . .when I look at Adobe, for a period of around 15 years these were the best software companies in the world. And now they’re just regarded as outlier bad companies that don’t create value. And I’m like, I refuse to believe, Shantanu Narayen . . .[is] done. . .. [He is] not done. Holy cow!”

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Disclosure: None. This article is originally published at Insider Monkey.