Jim Cramer touts Adobe's place in AI race — plus, his latest thoughts on bank stocks

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CNBC's Jim Cramer discussed the stock moves in Adobe, Twilio, Zscaler, Nucor and Bank of America.

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Adobe : Shares jumped after the software maker reported a strong quarter alongside a raised full-year guidance. "They've got a low end product finally that can blunt Canva," Jim Cramer said, adding that its highest-end generative artificial intelligence products are formidable and winning out. Twilio : Shares dropped more than 2.

While there's a flood of infrastructure spending dollars in the U.S., "you can't beat the commercial real estate and auto markets that so much of their steel goes into," Cramer said. Zscaler : JPMorgan upgraded the cloud security company to a buy-equivalent rating. Shares were higher by more than 1.5%. "Still the strongest area is cybersecurity," Cramer said, echoing a belief that increased digital threats makes the industry an attractive place to be invested.

 

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