The short version: the next 90 days are less about finding companies that will "go to zero" and more about finding the places where AI changes the metric investors are using to underwrite the stock. The top three on today's board are Fiverr, Adobe, and Salesforce.
1. Fiverr: low-end work replacement
Fiverr is the highest-asymmetry setup because the pressure is already visible: active buyers and marketplace revenue are declining while management moves the company upmarket. The AI-disruption question is whether high-value work and services revenue can offset the shrinking low-end marketplace.
2. Adobe: creative workflow substitution
Adobe is the liquid large-cap debate. The company is strong and AI monetization is real, but that is also the test: is AI-first ARR large enough to protect the old Creative Cloud workflow model from lower-cost AI-native tools?
3. Salesforce: seat-to-agent pricing transition
Salesforce is the seat-recession test case. Agentforce may become the enterprise agent layer, but it also changes the pricing unit from human seats to work units. The next few quarters need to prove that AI is incremental, not cannibalistic.
Chegg remains the purest AI-damage name, but the penny-stock and turnaround risk make it less clean for a 90-day Daily Short setup.
Research only. Not investment advice. Short selling can create losses greater than the original capital committed. Do your own research.