u/Lil_Hater112

Author holds 70% of portfolio in KOID, which tracks humanoid robotics and has a “complete guide” linking to Unitree Robotics’ upcoming IPO; NVDA and TSLA are hyping Physical AI. If Musk/Optimus and Jensen’s “next wave” narrative gain mainstream traction, robotics ETFs like KOID could re-rate as thematic momentum flows in. High-conviction thematic bet on Physical AI infrastructure via a concentrated robotics ETF; positions are large and explicit. Narrative fails to materialize; robotics IPOs disappoint; Tesla Optimus delays; broader tech sell-off.

ADBE has a forward P/E of 9.5, record revenues and income, and is executing aggressive share buybacks at prices comparable to 2018. The market is pricing the stock for severe decline due to anti-SaaS and AI competition narratives, creating a disconnect between price and strong financial reality, similar to Facebook's historical low valuation. The risk of loss at current prices appears very low, offering a substantial margin of safety for a long-term investment in a financially robust company. AI tools could reduce customer seat counts ("seat contraction"). Major competitors (e.g., Google, Claude, Gemini) could release disruptive, directly competing creative software, making Adobe's core products obsolete.