5 Best Tech Stocks To Buy According to Billionaire Ken Griffin

4. Adobe Inc (NASDAQ:ADBE)

Ken Griffin’s Stake: $607M

 Adobe Inc (NASDAQ:ADBE) ranks 4th in our list of the best tech stocks to buy according to billionaire Ken Griffin. As of the end of the September quarter, Citadel reported owning a $607 million stake in the design tools company.

Here is what Polen Global Growth has to say about Adobe Inc. (NASDAQ:ADBE) in its Q3 2023 investor letter:

“Both Alphabet and Adobe’s businesses continue to perform well. With respect to Adobe, the most recent quarter delivered more of the same with constant currency revenue growing 13%, margin expansion, and over 2% of shares outstanding repurchased for non-GAAP earnings growth of over 20%. We believe its approach to GenAI through Firefly, which guarantees safe content because it trains on Adobe Stock, will continue to be attractive to enterprises. The counter to GenAI, and something we are keeping an eye on with Alphabet and Adobe, is that it requires heavy investment. While both businesses can leverage their scale and manage costs in other areas, we expect the investment in future growth through GenAI will weigh on company-wide margins over the near term.”