Back when it was at 260 or so I was wondering what all these businesses and advertisers that use AI generated ad campaigns going to do when models start scraping other AI generated art and copyright laws get tighter and saw that Adobe's trying to use Adobe Stock only to train Firefly, and it's still priced like a media software company at 10x forward P/E. Yeah artists don't like Adobe but that's probably priced in by now. They currently don't have a CEO or CFO and investors don't like that because the CEO typically has the vision to sell as to what the company can be. Finding leadership is a matter of months. I bought an ATM LEAP at 270 because I'm relatively new to options and don't quite want to bet on OTM, preferring something more like shares. It dropped to around 210 and I had the funds to buy another LEAP. This is pretty much a bet people start thinking of Adobe as an AI stock soon.
