11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”

7. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders In Q2 2025: 104

Software firm Adobe Inc. (NASDAQ:ADBE)’s shares haven’t performed well in today’s AI-driven market. Not only are they down by 21.5% year-to-date, but over the year, the shares have bled 39%. Adobe Inc. (NASDAQ:ADBE) has failed to generate significant demand for its AI software, and underwhelming earnings coupled with bearish analyst sentiment have driven the shares lower in 2025. Here is what Cramer said as the shares neared a 52-week low:

“[On stock nearing a fresh 52-week low] You know Shantanu Narayen, he’s a great executive in the program. The program’s like the Ferrari, but Canva, which not public, is kind of like the GM and people like that.”

Previously, the CNBC TV host discussed Adobe Inc. (NASDAQ:ADBE)’s operating environment:

“Alright, so, I’m going to have to just, sometimes you have to just say someone knows this better than I do. There’s a fellow by the name of Ben Reitzes… He has been coaching me, just saying, listen, understand that AI is eating software. This is a software-as-a-service company. In other words, when you buy them, when you buy Adobe, you get certain seats, you bring them in. It’s a very costly program. It is unbelievably good for graphics, okay? But there’s a new company called Figma that’s come in, and they do a lot of stuff that Adobe does for a little bit cheaper. There’s Canva, which does it for incredibly cheap. So I think that what’s really happened is, is that others have come into their market with a cheaper product that a lot of people feel is just as good, that has artificial intelligence in it, and they can’t maintain their price. So far, their price has been able to be maintained, but that’s the big worry about Adobe. And I have no answer for Adobe. None. I just don’t.”