Is Adobe the Ultimate Buy-on-the-Dip Stock?

Adobe's stock has fallen 60% from its 2021 peak due to AI disruption concerns, trading at a cheap 11x forward earnings. While the company maintains steady low double-digit revenue growth and incorporates AI tools into its software, the author argues it's not an attractive buy. Even in a best-case scenario of valuation recovery to market average (20x earnings), Adobe would only double, whereas other AI stocks offer better growth prospects.