Apple Inc. (AAPL) and Adobe Inc. (ADBE) are enhancing their products with artificial intelligence (AI), with Apple integrating AI into its operating systems for devices like the iPhone and iPad, while Adobe is adding AI features to its software for creators and marketers. IDC forecasts global AI technology spending to exceed $758 billion by 2029, while Gartner predicts AI spending will reach $2.52 trillion by 2026, a 44% increase from 2025.
In the past year, Adobe’s stock has decreased by 41.1% compared to Apple, which has seen a 15.5% increase. Adobe targets a 10.2% annualized recurring revenue growth for fiscal 2026, backed by increasing demand for its AI-driven products like Firefly and Acrobat AI Assistant. Meanwhile, Apple’s collaboration with Alphabet aims to enhance its AI capabilities, and its strong cash position of $132.42 billion as of December 2025 is expected to support ongoing innovation.
The consensus earnings estimate for Adobe for fiscal 2026 remains at $23.47 per share, indicating a 12.1% growth, while Apple’s estimates have increased by 3% to $8.41 per share, suggesting a 12.7% growth. Despite Adobe being viewed as undervalued with a forward price/sales ratio of 3.98 compared to Apple’s 8.48, both companies currently hold a Zacks Rank of #3 (Hold).
