Research Feed
ADBE: The Creative AI Doorway — V-Score Workup
PASS at current levels. ~2% idio alpha doesn't justify company-specific risk. Mostly a leveraged beta position. Adobe is the critical test case in SaaS AI survival. Creative Cloud ($17.65B, 74% of revenue) faces the most direct AI substitution of any major software category — Midjourney, DALL-E, Sor