Adobe (ADBE) stock has declined more than 34% over the past year, but the bull case remains intact despite rising concerns related to artificial intelligence (AI). The market continues to treat Adobe as a casualty of the so-called “SaaS Apocalypse,” where generative AI is expected to disrupt traditional software models. Following last week’s Fiscal Q1 results, the stock took a further beating, reeling from a mix of leadership transitions and fears that its moat has dried up. However, I remain as bullish as ...