The video analyzes Adobe (ADBE) following its earnings report, noting a modest 2.6% increase despite being down 40% YOY. The stock's PE ratio has decreased from 55 to 16. The latest report showed beats on EPS ($5.31 vs. $5.18 expected) and revenue ($5.99B vs. $5.91B expected). The company expects EPS between $5.35 and $5.40 for the fourth quarter against analyst estimates of $5.34. The company mentions AI 110 times in the report and the company has annual AI run rate of $3.5 Billion last year. They anticipate $250M ARR for Q4. He shows an Adobe EPS valuation model and believes that ADBE could move up to a price of $693, from the current price of $362, calculating the fail bound price to be $347.