Premarket: Adobe (ADBE) Stock Slumps on AI Concerns — Monday Outlook & Key Catalysts
Stock Performance & Recent Financials Adobe’s share price has drifted downward for much of 2025, underperforming the tech sector. After peaking near $555 in 2024, ADBE sank to lows around $327–329 by mid-Octoberts2.techmarketscreener.com. The Nasdaq Composite is up ~25% YTD, whereas Adobe is off roughly 23–25%ts2.techmarketscreener.com. A partial rebound in late Oct (to ~$356 on Oct 21) coincided with the launch of Adobe AI Foundryts2.tech, but the stock quickly reversed. On Oct 29 (post-MAX news) it fell ~6% intradayts2.tech. Heading into Monday, ADBE is trading just above its recent lows (last close ~$340marketscreener.com) and remains technically weak (below its 50-day