12 Most Profitable Cheap Stocks to Buy Right Now

7. Adobe Inc. (NASDAQ:ADBE)

Forward P/E: 8.41

Profit Margin: 28.69%

Net Income Available to Common (TTM): $7.23 Billion

Number of Hedge Fund Holders: 86

Adobe Inc. (NASDAQ:ADBE) is one of the most profitable cheap stocks to buy right now. On June 25, Adobe Inc. (NASDAQ:ADBE) announced that it has signed a definitive agreement to acquire Topaz Labs, an artificial intelligence company known for its advanced video and image enhancement models.

Topaz Labs offers industry-leading AI models that enhance existing photos and videos by sharpening details, removing noise, restoring footage, and improving resolution. These tools are important for any workflow that combines real-world capture with AI-generated visuals.

Adobe Inc. (NASDAQ:ADBE) said the acquisition will strengthen its video and image model offerings as the company will add Topaz Labs’ technology to Adobe Firefly, Firefly Services, and Creative Cloud applications. This will give creators, designers, photographers, video professionals, and enterprises access to more advanced tools for improving image and video quality across different formats and creative workflows.

Topaz Labs will also bring its Neurostream technology that allows large and advanced AI models to run locally on consumer devices. This will democratize advanced image and video models, which were previously available only for high-end systems or cloud-only usage. Adobe Inc. (NASDAQ:ADBE) will be able to tap into the expanding opportunity for efficient, on-device AI video.

Adobe Inc. (NASDAQ:ADBE) is a global leader in digital media and digital marketing solutions. It provides creator tools and services to individuals, teams, and enterprises to create, publish, and promote content.