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Adobe vs. Apple: Which AI-Driven Tech Stock is a Better Buy Now? [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
While Adobe is incorporating AI into its creative products, Apple is adding Apple Intelligence to its core operating systems that power iPhone, iPad, Mac and Wearables. According to IDC, global spending on AI-supporting technologies will surpass $749 billion by 2028. IDC expects 67% of the projected $227 billion AI spending in 2025 will come from enterprises embedding AI capabilities into their core business operations. This bodes well for both Adobe and Apple stocks. However, both stocks are playing catch-up in the AI domain against the likes of Microsoft, Amazon and Alphabet. Shares of Adobe and Apple have suffered from challenging macroeconomic conditions and volatility related to higher tariffs. Year to date, Adobe shares have lost 13.9%, outperforming Apple's drop of 21.8%. Image Source: Zacks Investment Research So, Adobe or Apple, which has an edge under the current scenario? Adobe has expanded its AI portfolio with Adobe GenStudio and Firefly Services, which help bra
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