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For trend followers, the rally in AI infrastructure stocks is currently very pleasant. However, I also find myself asking the next question: where are the next big recovery opportunities lurking among the punished IT service providers and software stocks? This occurs when excessive pessimism meets favorable valuations and surprising growth. Adobe (i) is at rock bottom. Since the highs of nearly $600, the stock has more than halved. The ability to automate layout and image generation with ChatGPT, Claude, and the new AI agents has triggered concerns...
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