Adobe, the owner of Photoshop and other tools, has rebounded more than 5% this month following a 40% drop from its May 2025 high and a bear market. The company's shares have been down due to concerns that the industry's per-user licensing for sales will be replaced by artificial intelligence agents. The board of Adobe has approved a new $25 billion share repurchase program. Nvidia CEO Jensen Huang also endorsed the company, stating that the most innovative companies in the world are using applications on Adobe platforms. Mark Murphy, an analyst at JPMorgan, believes Adobe will emerge as one of the winners of the "SaaSpocalypse".