Four ways you can profit from AI

Article Excerpt

All four of these technology stocks have moved up lately due to investor enthusiasm for their artificial intelligence products. While they look expensive in relation to earnings, we still like their long-term prospects. ADOBE INC. $606 is buy for aggressive investors. The company (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 455.3 million; Market cap: $275.9 billion; Price-to-sales ratio: 14.1; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software that lets computer users create, edit and share documents in the popular PDF format. It also makes a variety of electronic-publishing programs. Due to opposition from U.K. and European regulators, Adobe recently cancelled its planned $20-billion cash-and-stock acquisition of collaboration-software maker Figma. As a result, Adobe paid Figma a $1 billion termination fee. Meantime, Adobe continues to benefit from its decision a few years ago to switch to selling programs as ongoing subscriptions instead of one-time purchases. For the fiscal 2023 fourth quarter, ended December 1, 2023, revenue rose 11.6%,…