Adobe Inc. (ADBE) — the peer cohort

Long reads

• Agentic Application Software: The SaaSpocalypse MapDossier · $39 · 27 Feb 2026Adobe owns creative assets and design systems.
• AI Economy — Three Futures for 2030, and the One the Model Leaves OutReport · 14 Sept 2026
• The SaaS Litmus Test: Is The March Bottom Real?Weekly Signal · 19 Apr 2026On Friday April 17, Anthropic launched Claude Design — powered by the newly released Claude Opus 4.7 vision model — a direct assault on the design software category occupied by Figma, Adobe, Canva, and Wix.

Dailies

• AI Trade — Chips Bounce 3% Before AMD; Apple, Palantir and Shopify Slip After Their ReportsMidday 10 · 3 Nov 2026The rest of software is mixed: CrowdStrike and MongoDB gain 1.6%, Adobe falls 1.7%.
• AI Capex — chip index −3.4% after OpenAI's revenue comes in at $50 billion, not $70 billion; software risesMorning 10 · 9 Oct 2026The sell-off hit the build-out — Broadcom −4.4%, Micron −4.8%, Oracle −5.5%, CoreWeave −7.8% — while application software rose: Atlassian +4.0%, Adobe +3.6%, Snowflake +3.2%, cloud fund WCLD +1.5%.
• AI Pricing — Fable-Level Power at 60% Less, Weeks Before Anthropic's $2 Trillion IPODaily Pulse · 23 Sept 2026The same day the market bought the companies that sell capacity to AI agents (SanDisk +6.82%, Micron +5.00%) and sold the ones whose fees an agent could route around (Adobe -4.52%, Intuit -3.87%, Visa -2.14%, JPMorgan -3.42%).
• Nasdaq - a second record close as memory jumps 5-7% and banks, card networks and software are soldMorning 10 · 23 Sept 2026SanDisk rose 6.82% and Micron 5.00%; JPMorgan fell 3.42%, Visa and Mastercard about 2%, Adobe 4.52%.
• Yields — the 10-year is back above 5% on a hot PMI and a hawkish Fed; chips fall, software is boughtMidday 10 · 23 Sept 2026Software bought: IGV 108.14 (+1.30%), Salesforce $238.21 (+2.11%), ServiceNow (+1.60%), Adobe $240.57 (+0.97%), Microsoft $498.69 (+0.14%, high $507.79); the cyber fund CIBR 103.90 (+1.29%) above Tuesday's 103.66 intraday high - a new…
• Nasdaq — a record print at 27,272, chips extend, software sold from its highs; AMD joins the trillion clubMidday 10 · 22 Sept 2026Chips extend — memory leads with SanDisk +5.2% and Micron +3.4% — and software is sold from new highs: Intuit −5.1%, Adobe −3.8%, Salesforce −2.6%, Microsoft −1.3%, with the cyber and cloud funds red after both printed 52-week highs at…
• Asian Chips — Korea’s chip exports more than tripled and the Kospi touched 7,000, with Tokyo shutMorning 10 · 21 Sept 2026
• Expiry Friday — the equipment names join at last: Applied +4.4%, Lam +5.2%, memory ETF over $58, 10-year back at 5%Midday 10 · 18 Sept 2026The rest of the tape is what an expiry Friday looks like with the 10-year back at 5.000%: the S&P 500 ETF −0.4% at $759.20, still above $757.83; the Nasdaq-100 fund flat at $716.53 above $708.69; the equal-weight S&P −0.5%, the Dow −0.7%…