Jim Cramer Took A Side On Biggest AI Debate & Discussed These 13 Stocks

7. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holdings in Q4 2025: 91

Cramer frequently discusses productivity software firm Adobe Inc. (NASDAQ:ADBE) in his morning appearances. In 2025, the CNBC TV host pointed towards the firm’s struggles in the AI era and outlined that management had failed to convince investors about the merit of its strategy to compete with AI. Adobe Inc. (NASDAQ:ADBE)’s shares are down by 41% over the past year and 26.7% year-to-date. Another factor that Cramer has discussed about the firm recently is its use by design schools. In late April, he remarked that Adobe Inc. (NASDAQ:ADBE) could suffer if it loses design schools. In this appearance, he shared that he was researching this aspect:

“I was doing some work on Adobe, losing the schools. You know schools are really important, because you have to take a course on Adobe to be able to use Adobe. That stock’s been going up, I think that that’s had its move.

“The strength of Adobe is that every designer school requires it. But you need a course to be able to use the product. . .”

Oakmark Fund discussed Adobe Inc. (NASDAQ:ADBE) in its Q1 2026 investor letter:

“Adobe Inc. (NASDAQ:ADBE) is a leading cloud software vendor. Its industry-standard creative tools are deeply embedded in professional workflows, and its leading marketing software suite enables enterprises to deliver personalized consumer experiences across multiple channels. Adobe’s earnings multiple has compressed over the last two years, largely driven by investor concerns over potential AI headwinds. We believe Adobe’s AI strategy is sound: it is partnering with leading AI models to complement its own in-house models and enhance the value of its creative software, and it is embedding agentic AI tools across its product portfolio to help improve user productivity. We believe that the company retains durable competitive advantages across multiple growing markets, and that recent skepticism has created an opportunity to invest in this highly profitable and well managed category leader at a meaningful discount to our estimate of intrinsic value.”