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Adobe Inc. (NASDAQ:ADBE<\/b><\/a>) is among the stocks in focus as Jim Cramer reviewed the S&P 500\u2019s top performers and the Nasdaq 100\u2019s biggest laggards for the first quarter<\/b><\/a>. Cramer highlighted the threats to the company, as he stated:<\/p>\n The ninth-worst decliner is Adobe, which was down over 30% in the first quarter. But that\u2019s really just the latest indignity, I should say, for this snake-bitten former cloud king, which everyone knows is, or at least they assume, is toast. At $241 and change, Adobe\u2019s stock is down more than 65% from its all-time high set in November, 2021. Stock now trades at just 10 times this year\u2019s earnings estimates. It\u2019s trading like a home builder for heaven\u2019s sake.<\/p>\n But anytime OpenAI, Anthropic, or Gemini comes out with some new design tool, Adobe stock goes lower. They now have new competition, Figma, which has also been terrible, too, the stock, Canva, there\u2019s a, that\u2019s an ultra-cheap option. So why am I, who am I to say that Adobe stock\u2019s gotten too cheap? It can always get cheaper. One day, the design schools will leave behind Adobe and start their students on Canva. That will make the end of Adobe\u2019s design dominance, and it could be existential from there.<\/p>\n<\/blockquote>\n Photo by Jakob Owens on Unsplash<\/p>\n Adobe Inc. (NASDAQ:ADBE) provides creative, document, and digital experience software. The company\u2019s solutions are used to create, manage, and optimize digital content and customer experiences.<\/p>\n While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/b><\/a>.<\/p>\n READ NEXT: <\/b>33 Stocks That Should Double in 3 Years<\/b><\/a> and <\/b>15 Stocks That Will Make You Rich in 10 Years<\/b><\/a>\u00a0<\/b><\/p>\n Disclosure: None. Follow Insider Monkey on Google News<\/b><\/a>.<\/b><\/p>\n<\/p><\/div>\n\n