CRM
Salesforce, Inc.
stock NYSE

Everything-Orcl, Adbe, CRM, nflx, Mara

I mean, that's your fault for investing on Adobe and CRM (Salesforce), they are shitty abusive companies. They hate their customers, of course they'll bag hold their investors too :(

all the more reasons to build out a bigger position. Adding LEAPS. I saw the story confirmed today. CRM will be next, fick them Wallstreets 

Adobe, CRM, NOW. Ask me how i know :(

Okay but why the fuck is CRM popping

who u think will implement AI? CRM, NOW.

I just vibe coded replacements for PATH, NOW, CRM, ADBE, FIG from my parent's basement ...🤌😦👍

Totally wrong way of thinking. If I may "intervene" and give you my take:
AI won´t beat Adobe. Not in the next 5 years. No chance. People mistake AI slop bullshit for proper graphic design. Just look at all the AI-generated crap out there: It all looks the same, it has no identity at all, and with the algorithm feeding its own soulless designs back to itself, the issue just gets worse by the day. In the meantime, a professional graphic designer (like me) can build not only unique stuff, but also in a way that, in terms of quality, scaling, resolution and all that stuff, you´ll get what you really need. Rendering a, let´s say, 500x800px illustration won´t get you anywhere if you have to scale that up towards billboard size. Even if I were to mess up as a designer in Adobe Illustrate or so, you´d be cooked in that regard.
Now the other side to Adobe is mentioned above: Free software does put pressure on expensive products. I like Adobe products, yes. I just know free or cheaper alternatives I work with today. It isn´t 2015 anymore.
\---
Then there is the other data thing: I am not much into CRM but rather comparable companies dealing with tax systems etc. As mentioned in the original post: At best, AI will be complimentary to that infrastructure. There will not be any AI replacement. Imagine this: Country X has 20 million inhabitants. Like a small-sized EU country, comparable to the Netherlands or so. Once a year, tax reports are due for citizens - if you are an entrepreneur, your quarterly VAT reports, too. Now X has an infrastructure in place that works: Why migrate data? Why tear down the very fabric of that working system? Why take the completely bonkers risk of messing up those 20m tax reports and causing a fiscal disaster when the "old way" works perfectly fine? What about trust, safety, security? Are you really going to toss a perfect environment in order to replace it with something else that might not even work half the way you want it to work? At additional costs? Makes no sense at all.
It would be even more likely to see Adobe disappear by that point, because if AI is coming for anything soon, it is any medium suitable for content creation in the most remote sense. But sensitive sectors like tax, defence and such? Nah, no way Jose.

Do you think the SAAS apocalypse is overblown since you work in the industry? ADBE and CRM run on pretty solid business models. AI will disrupt their services, but if they adapt and incorporate them, do they not have the benefit of being some of the mainline software/services many corporate and other various institutions rely on already?

First of all, I have moved from a global ETF to a global ETF ex-USA (EXU1)
And I've spread money around some SaaS and information stocks. ADBE, NOW, CRM, VEEV and LON:REL. I'm confident (because I work in the field, that very few people are vibe coding their own CRMs and Photoshop. But the price falls assume a lot of that.

Ran a true FCF yield screen across the entire AI value chain: hyperscalers, chip designers, TSMC, memory (Micron), ASML, semi equipment (Lam/KLA), materials suppliers (MKSI/ENTG/UCTT), and a control group of "beaten-down SaaS" names the market has priced as AI casualties (ADBE, CRM, FDS, VEEV, NOW).
Methodology: true FCF = (OCF - CapEx - SBC) / market cap. Flagging a data quality issue upfront since I think it matters for credibility: TSMC's true FCF yield in my dataset is overstated because of a known tag mapping issue with their 20-F IFRS filing in my XBRL pipeline. Actual CapEx runs $30-35B/year; the zero showing in my raw pull is a pipeline bug, not a real number.
Findings: most of the hardware/hyperscaler chain trades below the risk-free rate on true FCF yield, which is defensible given real growth and reinvestment (Qualcomm at 5.50% is the outlier worth a look, priced well below Nvidia's 1.82% but probably for good reasons). The SaaS layer is the anomaly: yields above the risk-free rate with still-decent growth, which by my discipline (I usually see 6-20% yields with something visibly wrong).
Also ran a Porter's Five Forces pass on the model layer itself (treating a frontier lab as the business under evaluation), since none of the fundamental moats visible everywhere else in the chain (fab, patent, export license) show up there. Scores halfway decent on 1 of 5 forces.
Full writeup with the FCF/yield dual-axis charts and net income vs. true FCF breakdowns: [https://cavemanscreener.substack.com/p/early-isnt-wrong-pricing-the-ai-trade](https://cavemanscreener.substack.com/p/early-isnt-wrong-pricing-the-ai-trade)

Everything-Orcl, Adbe, CRM, nflx, Mara

I mean, that's your fault for investing on Adobe and CRM (Salesforce), they are shitty abusive companies. They hate their customers, of course they'll bag hold their investors too :(

all the more reasons to build out a bigger position. Adding LEAPS. I saw the story confirmed today. CRM will be next, fick them Wallstreets 

Adobe, CRM, NOW. Ask me how i know :(

Okay but why the fuck is CRM popping

who u think will implement AI? CRM, NOW.

I just vibe coded replacements for PATH, NOW, CRM, ADBE, FIG from my parent's basement ...🤌😦👍

Totally wrong way of thinking. If I may "intervene" and give you my take:
AI won´t beat Adobe. Not in the next 5 years. No chance. People mistake AI slop bullshit for proper graphic design. Just look at all the AI-generated crap out there: It all looks the same, it has no identity at all, and with the algorithm feeding its own soulless designs back to itself, the issue just gets worse by the day. In the meantime, a professional graphic designer (like me) can build not only unique stuff, but also in a way that, in terms of quality, scaling, resolution and all that stuff, you´ll get what you really need. Rendering a, let´s say, 500x800px illustration won´t get you anywhere if you have to scale that up towards billboard size. Even if I were to mess up as a designer in Adobe Illustrate or so, you´d be cooked in that regard.
Now the other side to Adobe is mentioned above: Free software does put pressure on expensive products. I like Adobe products, yes. I just know free or cheaper alternatives I work with today. It isn´t 2015 anymore.
\---
Then there is the other data thing: I am not much into CRM but rather comparable companies dealing with tax systems etc. As mentioned in the original post: At best, AI will be complimentary to that infrastructure. There will not be any AI replacement. Imagine this: Country X has 20 million inhabitants. Like a small-sized EU country, comparable to the Netherlands or so. Once a year, tax reports are due for citizens - if you are an entrepreneur, your quarterly VAT reports, too. Now X has an infrastructure in place that works: Why migrate data? Why tear down the very fabric of that working system? Why take the completely bonkers risk of messing up those 20m tax reports and causing a fiscal disaster when the "old way" works perfectly fine? What about trust, safety, security? Are you really going to toss a perfect environment in order to replace it with something else that might not even work half the way you want it to work? At additional costs? Makes no sense at all.
It would be even more likely to see Adobe disappear by that point, because if AI is coming for anything soon, it is any medium suitable for content creation in the most remote sense. But sensitive sectors like tax, defence and such? Nah, no way Jose.

Do you think the SAAS apocalypse is overblown since you work in the industry? ADBE and CRM run on pretty solid business models. AI will disrupt their services, but if they adapt and incorporate them, do they not have the benefit of being some of the mainline software/services many corporate and other various institutions rely on already?