Strong Growth, But the AI Transition Is the Real TestWe’re watching $ADBE closely, but for now, we’re on the sidelines. The company’s fundamentals are solid — revenue is growing, recurring revenue is strong, and share buybacks signal confidence — but the biggest risk is AI integration, and the roadmap isn’t fully proven yet.Q3 2025 results confirm the strength of the business, but also highlight the uncertainty ahead: Adobe is relying on external AI models, and the real test will be whether it can turn AI innovation into a competitive advantage across its SaaS products.