由于来自AI的竞争压力，Adobe未来十年将缓慢衰退，无法维持其过去的地位。
逐段跳播
接下来是 Adobe。现在你有 Kling AI 在增长，腾讯和阿里巴巴也在向其中投入大量资金。另一方面，你有 Adobe 这家传统公司，把它的服务作为高级服务免费提供。但竞争非常激烈。
因此，我不认为 Adobe 还会是过去十年那家公司。和 Uber 一样，你可以建立起那些竞争壁垒。在这里做出区分非常重要。Adobe 有一个商业模式和一项商业活动，但这项活动在未来十年将经历缓慢的衰退。
他们会用这些钱去建立一些东西，或者进行股票回购之类的事情。新的东西是他们无法拥有的，因为你可以得到它
Next, Adobe. And now you have Kling AI growing and Tencent and Alibaba pumping a lot of money into it. On the other hand, you have Adobe, the traditional company, offering its services for free as a premium service.
But there is a lot of competition. Therefore, I don't think Adobe will be the same company it was in the past ten years. Like Uber, you can create those competitive barriers. It is very important to make a distinction here.
Adobe has a business model and a commercial activity, but that activity will experience a slow decline over the next ten years. They will use the money to build something, or to make stock buybacks and things like that.
The new thing is what they cannot have, because you can get it
这个频道对 $ADBE 的历次判断
Value Investing with Sven Carlin, Ph.D. 在这只股票上共 2 条判断，这里只列相邻的几条。