Software company providing creative, marketing, and document management tools and cloud platforms.Yahoo Finance ↗adobe.com ↗
1 take · first discussed Jul 4, 2025
Every call, plotted at the price the day they made it.
The only host view on Adobe comes from Chamath, who holds a bearish, medium-conviction stance as of mid-2025. He argues that Adobe will face a faster and steeper valuation re-rating than Figma in an AI-disrupted environment, making it the preferred short leg in a Figma long / Adobe short pairs trade. No other hosts offered a view, so there is no agreement or disagreement to note beyond Chamath's sole position.
Chamath argues Adobe will face a faster and steeper valuation re-rating than Figma in an AI-disrupted world, making it the better short leg in a Figma long / Adobe short spread 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