接下来我要重点介绍的是Adobe，这家公司因今年早些时候的SAS末日而受到打击，但股价正在回升。尽管如此，我计算出Adobe股票有超过20%的上涨空间，因为我计算出的公允价值为351美元，而市场价格为292美元。
The next stock I'll highlight is Adobe, a business that was beaten down as a result of the SAS apocalypse earlier this year, but shares are recovering. Still, I calculated an upside of over 20% for Adobe stock as I calculated a fair value at $351 and a market price of $292.
我对Adobe持乐观态度的原因之一是高昂的转换成本。即使企业找到了一个有吸引力的利用人工智能的替代品，转换后可能会降低公司成本，但对于那些已经使用Adobe多年甚至几十年的组织来说，将其整个业务流程从Adobe转换到新系统的成本是如此之高，以至于转换成本高昂。
One of the reasons why I'm optimistic about Adobe is because of the high switching cost. Even if enterprises find an attractive substitute utilizing artificial intelligence that might cost the company less after they switch, the cost of switching is so elevated to switch their entire business process away from Adobe and into a new system is costly for organizations that have been using Adobe for years or even decades.