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  1. #26
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    Adobe’s remarkable capacity to consistently achieve double-digit growth is truly awe-inspiring, particularly when one considers the initial belief that the creative software industry had become saturated in a post-COVID world.

    Specifically, with the rapid expansion of the content creation industry during the COVID-19 pandemic, many anticipated a saturated market and believed Adobe’s revenue would soon plateau without significant catalysts for growth. However, this has not been the case.

    In its most recent fiscal Q2 results, Adobe posted revenue growth of 10% (or 13% in constant currency) to a new quarterly record of $4.82 billion. To give you some context regarding Adobe’s ability to consistently grow its revenues in the double-digits, the company’s three-year, five-year, and 10-year revenue CAGRs (compound annual growth rates) now stand at 15.5%, 17.0%, and 16.9%.



    Given Adobe’s near-monopoly position in the creative software industry and its continual innovation in the ever-evolving content creation landscape, the reasons for the company’s impressive and sustained growth become clear. Interestingly enough, Adobe finds itself in the midst of the ongoing craze in AI developments, as artificial intelligence has unlimited applications around digital content, positioning Adobe for another era of booming growth.

    Adobe’s Firefly & Express’ Effect on Growth
    Adobe has been moving fast in the AI world, with its R&D investments leading to the rapid development and deployment of Firefly, the company’s generative AI technology. As you may know already, generative AI’s capabilities depend on the amount of data it can be trained on. This is true for all kinds of AI, such as ChatGPT. In that regard, the company has a significant advantage, as its rich data sets from creativity, do ents, and customer experiences enable Adobe to teach models on the highest-quality assets.

    From its launch in late March until Adobe’s Q2 results (June 15th), Firefly captured the imagination of the world with over 500 million generations, and the company is “just getting started.” On August 15th, Adobe launched Express, the latest iteration of an all-in-one AI content creation app. Integrated with the Firefly beta’s generative AI capabilities, it’s revolutionizing creative expression, enabling users of all skill levels to design and share exceptional content.

    The transformative power of these AI tools extends to novices who might lack prior experience with Adobe’s creative suite. As a result, the company is poised to welcome an influx of new users previously incapable of independently navigating its software. This imminent wave of adoption promises to be a potent driver of growth, particularly considering the persistent surge in demand for content creation solutions.

    The Valuation Might Look Pricey, but It’s Likely Justified
    With Adobe being in the spotlight of AI innovation in the creative software industry, shares have experienced a strong rally year-to-date that has, in turn, resulted in the stock’s valuation expanding. Based on the company’s performance during the first half of its fiscal year, management expects that Adobe will achieve adjusted EPS between $15.65 and $15.75 for the full year. The midpoint of this range implies that Adobe is currently trading at a forward P/E of 34.4.

    While this multiple may seem somewhat rich within the context of rising rates, I find it quite reasonable, given Adobe’s ever-consistent ability to deliver double-digit growth, its unbreakable moat, and the AI-powered growth potential. In fact, analysts expect that Adobe’s EPS growth will be sustained well within the mid-teens, which, along with its underlying qualities, do deserve the underlying premium present.

    Is ADBE Stock a Buy, According to Analysts?
    Turning to Wall Street, Adobe has a Moderate Buy consensus rating based on 19 Buys, nine Holds, and one Sell assigned in the past three months. At $550.83, the average Adobe stock forecast suggests just 1.9% upside potential over the next 12 months.

    If you’re wondering which analyst you should follow if you want to buy and sell ADBE stock, the most accurate analyst covering the stock (on a one-year timeframe) is Mark Moerdler of Bernstein, with an average return of 32.38% per rating and a 93% success rate. Click on the image below to learn more.

    Final Thoughts
    In conclusion, as Adobe’s meteoric year-to-date rise prompts potential investors to wait for a more opportune entry point, the prospect of such an entry might be an exercise in futility. The compelling combination of Adobe’s unwavering growth trajectory, dominant industry position, and AI-driven innovations generates robust bullish sentiment. Thus, the prevailing high valuation appears justified, in my view.

  2. #27
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    How Adobe's Copyright Protection Will Make it an AI Leader

    A grey area that critics of AI point out centers around copyright law. If you use AI to generate content anywhere, any time, for any reason, you would be making a mistake if you believe this can't affect your business. There are three core legal issues that AI is raising.

    The first issue is who owns the copyright of AI-generated work? If an individual uses prompts to guide AI, can that person take ownership of the work? And what happens when, as is true in some cases, AI programs create new works with no human involvement?

    In 2022, the U.S. Copyright Office ruled that a work of art created by artificial intelligence is not subject to copyright protection. The ruling is based on the idea that the work in question can't be classified as intellectual property.

    Copyright infringement is another big concern with AI. Can an AI-generated image or bit of content violate an existing copyright or trademark?

    There have already been several instances where AI has produced work similar to or identical to existing works that are still protected by copyrights. The concern here is that an AI system cannot incur liability; therefore, if the wronged party cannot sue the AI, who can they sue?

    This raises the third key legal issue of how authorship and, therefore, ownership of AI output is determined.

  3. #28
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    rtificial intelligence (AI) is fundamentally reshaping many industries. AI will have many benefits, but it's also likely to produce the law of unintended consequences. One of those consequences centers around copyright protection.

    The proliferation of digital content creates concerns about who owns the content if it's being generated, in part, using generative AI tools. That's an issue that Adobe Inc. (NASDAQ: ADBE) is working to address. And a recent announcement shows how the company continues to take a leadership position in defining and establishing copyright protection in AI.

  4. #29
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    Adobe Unveils Future of Creative Cloud With Generative AI as a Creative Co-Pilot in Photoshop

    Powered by Firefly: Firefly is designed to generate images that are safe for commercial use and is trained on Adobe Stockís hundreds of millions of professional-grade, licensed, high-resolution images, helping ensure Firefly wonít generate content based on other peoplesí or brandsí intellectual property (IP).
    Magically leap from idea to image, with simple text prompts: Add, extend or remove content from images to achieve astounding results.
    Edit non-destructively: Create newly generated content in generative layers, enabling you to rapidly iterate through a myriad of creative possibilities and reverse the effects when you want, without impacting your original image.
    Create at a transformative rate: Experiment with off-the-wall ideas, ideate different concepts and produce boundless variations of high-quality content as fast as you can type.
    Available as a web tool: Generative Fill is also available as a new module in the Firefly beta for users interested in testing the new capabilities on the web.

  5. #30
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    “Enterprise leaders expect content demands will increase by five-fold over the next two years, making it imperative for them to drive efficiencies internally,” said David Wadhwani, president of digital media business at Adobe. “This new enterprise offering empowers users of any skill level to instantly turn ideas into content with Firefly, while tapping into the power of Express and Creative Cloud to quickly modify assets and deliver standout designs.”

  6. #31
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    This new enterprise-level product isn’t an unexpected move from Adobe, especially if you’re already familiar with its Firefly AI model. Adobe created Firefly to be safe for commercial use by training it on Adobe Stock images, openly licensed content, and content without copyright restrictions within the public domain. That sets it apart from many other generative AI models, such as OpenAI’s Dall-E, which could cause copyright issues for organizations as they haven’t disclosed their training data.

    Aside from its assured commercial viability, Firefly’s explosive popularity — largely fueled by its high-quality results — will likely hold plenty of appeal for businesses looking to explore generative AI solutions. Firefly beta users have generated over 200 million images since it launched in March 2023, and over 150 million images have been generated in just two weeks using Photoshop’s new Firefly-powered Generative Fill feature. The company also recently launched an Enterprise tier for its Adobe Express product that’s designed to support collaboration across organizations.

  7. #32
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    The company is seeking to patent a system for "diversity auditing" using computer vision. Essentially, this system uses facial detection and image classification to break down photos of employees and slot them into categories based on certain physical traits and characteristics.

    Adobe's system looks through several images and detects faces in each one, then classifies each face based on a predicted "sensitive attribute" relating to "protected classes of individuals," such as race, age or gender. For example, Adobe noted, this system may classify images from a company's website, then compare its predictions to a "comparison population." (Adobe noted that this could mean census or employment data, but it could also potentially include internal data, such as a companywide diversity report.)

    The system then calculates a "diversity score" for the set of images using machine learning by comparing the classified images to the comparison population. Finally, the system then "augments the set of images to increase diversity" using "additional retrieved images" until a certain threshold of diversity is met.

    Adobe noted that conventional diversity auditing systems are time-consuming and "rely on manual identification of image attributes, and this manual approach does not scale to large image sets."
    I currently own 5 shares of Adobe
    Last edited by Nbadan; 09-04-2023 at 02:53 PM.

  8. #33
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    Taiwan Semi-Conductor Manufacturing (TSM)
    Most of the high-tech chips that power data centers, artificial intelligence (AI) technologies, smartphones, and laptops originate from one place: Taiwan Semiconductor (NYSE: TSM), or TSMC. As the name suggests, the company is headquartered in Taiwan and has most of its operations there, although it has made significant investments in factories in the U.S.

  9. #34
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    Some of the most technologically advanced companies, like Apple and Nvidia, utilize TSMC's chips in their products. While the broader consumer electronic market is currently down and causing Taiwan Semiconductor some demand challenges, the future remains bright. Furthermore, with its new 3nm (nanometer) chip entering production, the gains provided by this technology will likely sway its customers to upgrade to the newest gaming or data center graphics processing unit (GPU) and iPhone.

    However, the overarching risk of a Chinese invasion gives many investors pause when considering investing in Taiwan Semiconductor. No one knows what would happen, but in the best-case scenario, a critical supplier for digital products would be taken offline for some time.

    That would cause the supply chain of vital components to be disrupted far worse than in 2020 and would likely sink almost every other stock in the market. So, if you're concerned about a Chinese invasion (a valid concern), it may be unwise to invest in the market whatsoever.

    Because it is so vital to our digital society, I think investors should consider Taiwan Semiconductor for their portfolios. But you'll have to be patient, as Taiwan Semiconductor is a cyclical business.

  10. #35
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    Demand for TSMC's chips rises and falls alongside consumer sentiment, which is directly tied to the economic cycle. Some signs point toward a recession unless the Federal Reserve can engineer a soft landing. In any case, the consumer is far from their strongest right now, translating to weak sales for TSMC.

  11. #36
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    n the second quarter, revenue decreased by 10% year over year (in New Taiwanese dollars), and profits declined by 12%. TSMC also reports monthly revenue, and July looked like a bit of a relief from the trends experienced over the past few quarters. July revenue was up 14% compared to June but still down 5% from last July.

    Still, this decline is only temporary as TSMC's chips are utilized in multiple areas, and the consumer's spending power will recover eventually. In fact, analysts project that TSMC's revenue will rise 23% next year.

    As a result of its temporary business decline, using forward earnings in tandem with trailing earnings to judge how expensive the stock is from a historical perspective is a smart strategy.

  12. #37
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    While TSMC stock looks cheap from a trailing standpoint, that's because further earnings declines are expected throughout this year. However, even when that's factored in, you can purchase the stock for its average valuation over the past decade. Furthermore, the S&P 500 trades at 26 times trailing earnings, so it's much cheaper than the broader market.

    As a result, investors should consider adding TSMC to their portfolio. TSMC's products will only become more essential in the coming years. Although there's the overarching risk of an attack by China, the rest of the market will falter in response.

    The catch is that it will need to be a long-term holding, as the economic cycle will cause its results to fluctuate from year to year. However, if you come in with a mindset of holding the stock for at least five years, Taiwan Semiconductor will likely be a winning investment.

  13. #38
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    Nvidia may be raking in the dough, but the overall computing chip market isn't in such great shape. Following the chip shortage that occurred during the pandemic, there's been an overhang of excess inventory in non-AI categories (data centers ex-AI, PCs, smartphones) as demand normalized just when chipmakers were able to ramp up supply.

  14. #39
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    The result for TSMC has been its first down year in quite some time, with revenue on track to fall by as much as 10% from its peak of nearly $76 billion in 2022. Again, this is primarily due to a downturn in demand for more consumer-facing products like PCs and smartphones, as well as non-generative AI high-performance computing (HPC) chips.

  15. #40
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    The upshot of all this is that TSMC expects a sequential rebound during the second half of 2023. Given the planning involved between Nvidia and its manufacturing partner, TSMC already has Nvidia's booming AI chip demand factored into its outlook.

  16. #41
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    TSMC's share price looks like a value right now if you believe management's forecast for big AI growth and a general uptick in semiconductor manufacturing will start again in 2024. The market has been persistently shining a spotlight on TSMC's geopolitical risk due to the threats Taiwan faces from mainland China, so a discount could still be applied to TSMC stock even if strong growth resumes next year. Nevertheless, with another knockout quarter for Nvidia in the books and increasing AI chip supply expected through the end of 2024, TSMC could be a solid investment for the start of the generative AI era.

  17. #42
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    All of TSMC’s (TSM) first-generation 3-nanometer process chips for 2023 will go to Apple (AAPL) for its “upcoming iPhones, Macs, and iPads,” reports MacRumors, according to industry sources cited by DigiTimes. According to MacRumors, Apple is taking 100% of TSMC capacity this year “due to delays in Intel’s (INTC) wafer needs.” Intel’s order slowdown “means TSMC’s sales of 3nm chips will be significantly lower this year. TSMC is still expected to grow in Q4 “as it starts mass producing 3nm chips for Apple’s needs,” added the story.

  18. #43
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    BofA said Nvidia’s (NVDA) strong Q2 results and guidance led by generative AI reaffirms its positive thesis on TSMC (TSM), which it views as “likely to rise with” Nvidia as a key supplier and a beneficiary of the generative AI trend. The firm maintains a Buy rating on TSMC with a price target of NT$720.

  19. #44
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    TSMC has a steady growth plan for the next decade. It is ahead of Intel (NASDAQ:INTC) in its manufacturing process. Intel is playing catch-up in the industry by spending billions building its capacity globally. This includes an Ohio factory that will cost $20 billion. TSMCís growth ambitions are even greater.

    InvestorPlace - Stock Market News, Stock Advice & Trading Tips

    It committed a capital expenditure plan of $100 billion over three years. For example, it has a $12 billion fabrication plant in Phoenix, Arizona, where it will produce 5-nanometer chips in 2024. TSMC will output 20,000 wafers monthly.

    7 Safe Investments for Seniors to Consider in 2022

    TSM views the European Union countries as a source for expanding chip production. In February, the company unveiled a plan calling for the European Commission to ease funding rules for semiconductor plants. The easing regulations in the region will benefit TSM. Amid a semiconductor shortage, the company will reshape its global supply chain.

    The EUís support for TSMC will help the company resolve the global chip shortage sooner. Furthermore, the company will geographically diversify its manufacturing facilities worldwide. This lowers the chances of another chip shortage in the future.
    I currently own 30 shares of Tiawan Semi
    Last edited by Nbadan; 09-04-2023 at 02:55 PM.

  20. #45
    Take the fcking keys away baseline bum's Avatar
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    Who are you expecting to read this?

  21. #46
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    Who are you expecting to read this?
    Whomever wants to read it and comment

    Much of this information is behind pay walls and subscriptions

    There are a lot of people who are tired of the trolling that goes on in the political forum. This place is a nice escape to talk about man stuff
    Last edited by Nbadan; 09-03-2023 at 11:51 PM.

  22. #47
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    Whomever wants to read it and comment

    Much of this information is behind pay walls and subscriptions

    There are a lot of people who are tired of the trolling that goes on in the political forum. This place is a nice escape to talk about man stuff
    No one is going to read 44 straight posts of yours man

  23. #48
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    No one is going to read 44 straight posts of yours man
    oh yee of little faith....I'm not alone

    you'll see

  24. #49
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    oh yee of little faith....I'm not alone

    you'll see


    No one's reading this thread

  25. #50
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    No one's reading this thread
    nobody read the political forum for month man....now look at it...

    I was the only poster for months look it up on the wayback machine

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