Reported 1 day ago
In May 2024, Jim Cramer reassured a caller on Mad Money about investing in Adobe Inc. (NASDAQ:ADBE), despite its 20% year-to-date drop, suggesting its stock was the cheapest he had seen. However, since his endorsement, the stock has fallen further by 16.07%. Cramer later acknowledged Adobe's struggles in a rapidly changing AI landscape, implying that other AI stocks might offer better investment opportunities.
Source: YAHOO