Adobe(US:ADBE) CNBC Televisionยท2025-09-05 14:30Market Trends & Industry Dynamics - The report highlights a battle between software as a service (SaaS) companies and traditional software companies [1] - The market perceives companies like Adobe and Salesforce as being negatively impacted by AI, leading to concerns about their future [3] - The fundamental technology shift, particularly the rise of AI, is impacting the business models of companies like Salesforce, potentially reducing the need for human capital [5] - The report suggests a shift from a per-person payment model to a consumption-based model in the software industry [5] Company Performance & Strategy - Adobe is scheduled to report earnings on the 11th, making it a key focus of the discussion [1] - The potential acquisition of Figma by Adobe was considered too expensive [2] - Salesforce's decision to lay off 4,000 people is attributed to the efficiency gains from its technology [5] - The report questions the current market valuation of companies like Adobe and Salesforce, despite their historical success and the perceived intelligence of their leadership [6][8] Investment Opportunities & Potential Risks - The report suggests exploring potential investment opportunities in companies like Lululemon (Lulu), which are seen as cost-effective [7][9] - The market has negatively viewed Adobe and Salesforce, leading to a perception that they are not creating value [6] - The report expresses a belief that the leaders of Adobe and Salesforce are capable of adapting and innovating, despite current market sentiment [6][8]