Software Stocks After the AI Shock: The Lows Hold – and Adobe (i) Now Has the Greatest Need to Catch Up!

Software giants such as Adobe (i), Salesforce , and Intuit , as well as the IT consultant Accenture (i) , faced significant pressure during the summer and attempted to form a bottom between mid-July and early August. Now in the autumn, it is clear: the lows hold. Salesforce has practically exploded, rising from around 150 to about 250 USD. Accenture has also made significant gains and, in my view, is back near its fair value. Although Adobe and Intuit are no longer declining, they haven't really started to take off yet. My thesis remains: The...