Adobe stock looks cheap after a 70% decline, but the real question is whether AI, Firefly, Creative Cloud and Acrobat can protect free cash flow and long-term pricing power.
I was recently looking for nice desktop wallpaper of Marbella, and all photos were under the paywall. Also, on Adobe stock. Guess what, I went to firefly used prompt to generate Marbella how I want and I choose Nano banana model.
Well written. Might it be so that us "normal" people without insight in deep creative work cant fully grasp the true moat of Adobe? My gut says that people underestimate them. And overestimate AI. They are adapting, maybe more so then anyone.
I was recently looking for nice desktop wallpaper of Marbella, and all photos were under the paywall. Also, on Adobe stock. Guess what, I went to firefly used prompt to generate Marbella how I want and I choose Nano banana model.
I was very happy with the outcome
Well written. Might it be so that us "normal" people without insight in deep creative work cant fully grasp the true moat of Adobe? My gut says that people underestimate them. And overestimate AI. They are adapting, maybe more so then anyone.
Excellent and thorough analysis
Thanks for reading!