Adobe (ADBE) is Thriving in the AI Landscape

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Soumya Eswaran

Wed, April 8, 2026 astatine 7:35 AM CDT 3 min read

Harding Loevner, an plus absorption company, released its “Global Equity Strategy” fourth-quarter 2025 capitalist letter. A transcript of the missive tin be downloaded here. For astir of the past 15 years, US equities not lone outperformed but created a cognition of inevitability astir their outperformance. This phenomenon, termed “US exceptionalism,” highlighted exceptional net growth, valuations, and a attraction of returns, peculiarly astir AI investments. With marketplace enactment concentrated, the US scale is susceptible to constricted outcomes. In contrast, the portfolio consists of a broader scope of concern models and maturation opportunities astatine charismatic valuations. While AI whitethorn disrupt industries, halfway principles of competitory vantage and semipermanent profitability inactive apply. In the 4th quarter, the Global Equity composite roseate 2.0% gross of fees, underperforming the MSCI ACWI Index’s 3.4% gain. For the year, the composite precocious 13.2%, trailing the index’s 22.9% gain. In addition, delight cheque the Strategy’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Harding Loevner Global Equity Strategy highlighted Adobe Inc. (NASDAQ:ADBE). Adobe Inc. (NASDAQ:ADBE) is simply a multinational exertion institution that offers creative, integer media, and papers absorption products. On April 7, 2026, Adobe Inc. (NASDAQ:ADBE) closed astatine $240.14 per share. One-month instrumentality of Adobe Inc. (NASDAQ:ADBE) was -12.26%, and its shares mislaid 34.14% implicit the past 52 weeks. Adobe Inc. (NASDAQ:ADBE) has a marketplace capitalization of $97.89 billion.

Harding Loevner Global Equity Strategy stated the pursuing regarding Adobe Inc. (NASDAQ:ADBE) successful its Q4 2025 capitalist letter:

"Alphabet and Adobe Inc. (NASDAQ:ADBE) are examples of 2 incumbents with lucrative businesses coping with the perchance unsafe concern outlined successful Christensen’s book. While markets were skeptical of their quality to ward disconnected threats from caller AI businesses, some made cardinal advancement during the twelvemonth successful protecting their competitory advantages.

AI poses a antithetic menace to Adobe. People usage its bundle to create, design, and edit ocular content—tasks that AI models tin theoretically bash via natural-language prompts. However, Adobe’s vantage is that it offers overmuch much than a postulation of image-manipulation tools. Professionals, particularly endeavor users, trust connected its ecosystem to negociate design-related workflows, including papers collaboration arsenic good arsenic governance of policies pertaining to marque consistency, representation rights, ineligible compliance, and different standards and processes unsocial to each organization. This is the root of its pricing powerfulness and lawsuit retention, and arsenic AI increases the measurement of ocular contented being created, the request for structured workflows whitethorn really increase…” (Click present to work the afloat text)

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