Adobe range play - risky, can break down after a bounce!
Earnings stay the same (can be good sign and bad same time considering the AI boom)
🎨
Why is Michael Burry long $ADBE?Adobe got crushed on fears that AI will replace Photoshop, Illustrator, Premiere and other creative tools.
Burry is betting the opposite:
AI could make Adobe's ecosystem even more powerful by embedding generative AI directly into its products.
The bet:
the market is underestimating Adobe's moat and overestimating AI's threat. 🤖
@Market