Software company providing creative, marketing, and document management tools and cloud platforms.Yahoo Finance ↗adobe.com ↗
1 take · first discussed Jul 4, 2025
Click a call to see the price move since it aired.
The only host view provided is bearish: Chamath holds a medium-conviction short position on Adobe, treating it as a hedge against a long Figma exposure. His core argument is that if AI disrupts the design software market, Adobe will suffer valuation compression faster and more severely than Figma, making the spread between the two names the trade. No other hosts weigh in, so there is no agreement or disagreement to note beyond Chamath's standalone thesis.
Chamath argues Adobe will face faster valuation compression than Figma in an AI-disruption scenario, making it the short leg of a Figma/Adobe pair trade.
The person who's going to take a retrade on valuation faster than Figma will be Adobe. And so you'll be hedged and you'll probably make money that way.”1:16:51