Adobe Q2 Earnings: Picture-Perfect Priced In

JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Adobe (NASDAQ:ADBE) stock jumps 15% premarket as investors cheer its outlook. The bull case here is that Adobe's profit margins continue to bedazzle investors. But once the dust has settled, a lot of the bearish aspects will resurface. Namely, will AI disrupt many of Adobe's products? Or, will it be the case, that management can continue to embrace AI to drive more demand for its services? For my part, I make the case that paying 26x next year's ...