Adobe (NASDAQ: ADBE) and Roku (NASDAQ: ROKU) fall into this category of software stocks that would leave a significant gap if they suddenly didn't exist. Adobe has built a strong position in the creative software space, and its most recent quarterly results prove that there's still plenty left in the tank. The company's revenue from its two largest business segments -- Digital Media and Digital Experience -- soared higher, helping Adobe reach record third-quarter sales of $4.9 billion.
There is a lot of excitement around Adobe (NASDAQ: ADBE) stock right now. The software specialist is trouncing the market in 2023 and its returns are topping other successful tech giants, including Microsoft (NASDAQ: MSFT). Here are three green flags pointing toward further growth for Adobe going forward.
Amazon (AMZN) is set to acquire a minority stake in Anthropic by investing $4 billion. Anthropic picks AWS as the primary cloud provider.