AI Could Send These 2 Nasdaq Stocks to the Moon
The stock market moved sharply higher on Thursday, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) picking up more than 1% shortly after noon. Despite lingering concerns about the state of the economy and the likely response of policymakers toward interest rates, investors appeared ready to declare an end to the bear market and get themselves squarely back into a bullish mood.
Artificial intelligence (AI) has been a key trend lifting markets, and there are plenty of AI stocks in the Nasdaq. Two companies in particular have made AI a big part of their future business models, and on Thursday, both Adobe (NASDAQ: ADBE) and Nvidia (NASDAQ: NVDA) made sizable gains that further added to the furor surrounding the trend.
Shares of Adobe were up 5% early Thursday afternoon. The creative software specialist is aiming to be at the forefront of the AI revolution as it pertains to content creation, and it announced a host of new innovations to help its clients get more from artificial intelligence.
Source Fool.com
Adobe Inc. Stock
With 60 Buy predictions and 2 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 589 € shows a slightly positive potential of 16.24% compared to the current price of 506.7 € for Adobe Inc..
