New York, Feb 9, 2026, 15:39 EST — Regular session
- Adobe dipped roughly 0.4%, with the stock having grazed a 52-week low earlier.
- Adobe didn’t quite catch the bounce that helped other beaten-down software stocks.
- This week, traders have their eyes on U.S. jobs and inflation figures, with Adobe’s March earnings report up next.
Adobe Inc. slipped roughly 0.4% to $267.26 in afternoon trading Monday, after earlier touching a new 52-week low at $262.95—defying gains seen across other major U.S. tech names.
Investors tried to regain their footing after last week’s AI-driven rout, bringing a softer tone to the sector. The S&P 500 software services index was recently up around 6%. Oracle surged 10.8% following an upgrade to “buy” from “neutral” by D.A. Davidson. “You’ve a sharply oversold market where a little bit of good news can go a long way,” said Keith Lerner, chief investment officer at Truist Advisory Services, in comments to Reuters. Reuters
Monday brought some relief for parts of software, but the central question hasn’t budged: Can rapid-fire AI advances start to erode the subscription models that have underpinned the sector for years? The latest spark came from Anthropic’s Claude, which rolled out a legal tool and sent the group sliding. Derivatives desks aren’t dialing down expectations for turbulence either, with options pricing in hefty moves — traders look to “implied volatility” as their barometer. Reuters
Adobe’s stuck in the middle. Instead of viewing it as a dependable creative suite, traders are lumping it in with high-multiple software players—demanding proof it can hold onto pricing power and keep rolling out fresh products, especially as AI crowds the field.
Back in December, Adobe projected its fiscal 2026 revenue between $25.90 billion and $26.10 billion, citing a pickup in demand for its generative AI tools, like Firefly. CFO Dan Durn told Reuters they’re seeing “significant strength in Creative Cloud Pro, Photoshop, Lightroom.” Usage of the company’s freemium tools—free to start, then upsell to paid—jumped 35%, topping 70 million monthly active users. Reuters
Adobe’s not just standing pat. Back in November, the company struck a roughly $1.9 billion agreement to acquire marketing software player Semrush, aiming to strengthen its offerings for brands and advertisers. The move is meant to connect marketing tasks even more closely to AI-powered search activity.
Monday’s move felt more like investors shifting positions than making a call on Adobe’s fundamentals. Right now, they’re weighing two things: software stocks adjusting after the AI scare, and a packed week of U.S. economic data that could shift rate bets—and tech valuations along with them.
But the risk side is straightforward. Should fresh macro numbers stoke inflation fears, or if the AI “disruption” theme flares up again, investors may keep steering clear of software. Adobe could snap back to its lows in short order, even if the major indexes stay resilient.
Adobe’s earnings are up next, with the company slated to deliver quarterly results on March 11, Zacks’ earnings calendar shows. Investors will be watching subscription numbers and looking for signs that AI features are starting to make a meaningful dent in revenue.
