After Hitting 30th 52-Week Low, Is Adobe Too Cheap to Ignore?

The last time Adobe (ADBE) traded this low was in May 2023, 27 months ago. In that time, Nvidia's (NVDA) stock has gained 546%. The shine has certainly worn off for the maker of creative software programs like Photoshop and Acrobat. 

While the company’s business model has successfully transitioned to cloud-based subscriptions that utilize AI to serve creative professionals, investors have become skeptical about its future growth, resulting in a significant erosion of market value over the past 12 months.