We recently published a list of 10 Tech Stocks That Trump’s Fellow Republican Bought Amid Market Rout. In this article, we are going to take a look at where Adobe Inc. (NASDAQ:ADBE) stands against other tech stocks that Trump’s fellow Republican bought amid market rout.

Keeping track of politicians’ stock investments is a good way of determining which stocks may receive favorable policy treatment from the government down the road. By looking at the committees these politicians sit in, and the policy matters they are dealing with, investors can gain insights into what’s to follow for certain industries.

The STOCK Act requires these politicians to report their trades within 45 days of placing them. These disclosures are then made public, making the process as transparent as possible. While looking at some recent disclosures, we noticed certain politicians who stood out. One such politician was Trump’s fellow Republican Marjorie Taylor Greene, who bought stocks on the 3rd and 4th of April, two days when the S&P lost over 10% of its value!

Some of these stocks have already recovered from their lows hit that day, showing how Ms Greene was able to buy stocks that recovered swiftly despite the broader market continuing to struggle.

To come up with our list of 10 tech stocks that Trump’s fellow Republican bought amid the market rout, we looked at the Republican’s two recent filings on the 7th and 11th of April, where she reported these trades. We then ranked them by the number of hedge funds that hold the company’s stock in their portfolio.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Is Adobe Inc. (ADBE) the Tech Stock That Trump’s Fellow Republican Bought Amid Market Rout?

Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 117

Adobe Inc. (NASDAQ:ADBE) operates in Digital Experience, Digital Media, and Publishing and Advertising segments. It offers training, technical support, consulting, customer management, and learning services.

KeyBanc Capital Markets upgraded the tech firm last month from Underweight to Sector Weight, citing the limited downside risk and fair valuation. Analysts led by Jackson Ader think that there is a limited chance for further decrease and predict stable fundamentals throughout the fiscal year.

At the end of March, Adobe Inc. (NASDAQ:ADBE) received another upgrade by Argus. Citing potential for double-digit growth in earnings per share and revenue fueled by its generative artificial intelligence tools, Argus reiterated its Buy rating on the tech giant. Argus also maintained its price target of $600 on the stock.

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Seeing that the stock has corrected considerably from those levels, it now sits at an even attractive price than last month. Argus analyst Joseph Bonner highlighted the company’s growth potential by saying:

“We think that Adobe will continue to ramp up investment in new product extensions, particularly around generative AI, as it pursues a rapidly expanding total addressable market.”

The firm anticipates its artificial intelligence product revenue to double by the end of 2025 from $125 million to $250 million.

Overall, ADBE ranks 3rd on our list of tech stocks that Trump’s fellow Republican bought amid market rout. While we acknowledge the potential of ADBE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ADBE  but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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