Posted 1/24/2024, 1:01:00 PM
Top Funds Bet $1.3 Billion on Adobe, Snub Nvidia; Adobe Stock Forms Base ahead of AI Showcase
- Top funds are buying $1.3 billion worth of Adobe stock, while Nvidia is absent from their recent purchases
- Adobe joins Microsoft and Nvidia on the IBD Breakout Stocks Index and as a holding among many top-rated funds
- Adobe has better earnings stability than Microsoft and vastly better than Nvidia
- Adobe stock has formed a base and has a buy point at $633.89, now going through a test
- Adobe is showcasing its advances in AI like "Sensei GenAI" at upcoming events with celebrity speakers