$Adobe(ADBE)$ Personally, I am completely out for a nice profit today, but as an after-hours devils advocate, not all earnings are the same, because not all customers are the same.
ADBE gets recurring rev, that digital ARR, from some behemoth enterprises. For example, every major university, every library, and every hollywood studio has a subscription.
What these Wall Street donkeys wanted to see was whether these institution sized subscriptions would grow under the AI hype, and they are. Maybe Canva and Sora are gonna take away some of the poorest retail customers, but ADBE has institutional sized enterprise sticky product power.
I think the current valuation is justified, so for that reason, I’m out, but I will keep my eye on it.
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