Shares of (NASDAQ: ADBE) rallied sharply following a better-than-expected second-quarter earnings report, sending shares to a three-month high.

The update helped brush aside some market fears that the digital media software giant may be losing its step amid the emergence of competing artificial intelligence (AI) applications representing a threat to its core business. The stock is still down about 13% in 2024.

So, how should investors think about Adobe's latest trends? Is the stock a buy, sell, or hold right now? Let's dive in.

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Source Fool.com