Adbe i think is v vulnerable right, there is a high risk for them to be disrupted as openai and antrhopic take more enterprise seats. I remember reading somewhere where the management said their moat is people would need to be retrained. In my opinion thats a pretty weak moat in this environment. What makes you guys love this stock so much?
On NOW, i think its structurally stronger than ADBE, great ceo and has been able to grow fast. But i think they are only strong on the execution layer and dont have a strong knowledge layer to train their own agents.
I like SAP, MSFT and CDNS a lot more! Curious to know your thoughts