On October 28, Shantanu Narayen, the executive leader of Adobe (ADBE.O), remarked that the true value of Adobe is being overlooked, as Wall Street's attention remains fixated on chips and AI training infrastructure. He pointed out that when assessing Adobe's profitability and growth potential, the market harbors a misguided perception of the software industry. He underscored that, ultimately, the market will shift its focus to the integration of artificial intelligence within applications — an area where Adobe excels. As a frontrunner in the creative software realm, Adobe has witnessed its market value decline by roughly 20% this year. Investors are apprehensive that its rival, Canva, may be more adept at harnessing AI technology. Moreover, other enterprise application software firms, such as Salesforce, are also encountering comparable challenges from startups that are inherently AI-driven.