# Adobe Stock Down 32% This Year

> Adobe stock down 32% this year: dead money or bounce?
- Title: Adobe Stock Down 32% This Year · 24/7 Wall St. | Shortify
- Summary: Adobe stock down 32% this year: dead money or bounce? Adobe stock has fallen 32% year to date, outpacing software peers as the market rises, with investors…
- Keywords: adobe, adbe, stock, software, peers, bounces, dead money, market, Year, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/22/adobe-is-down-32-this-year-is-adbe-stock-dead-money-or-due-for-a-bounce
- Author: David Moadel
- Published: 2026-09-22T18:59:24+00:00
- Read time: 1 min
- Topics: adobe, adbe, stock, software, peers, bounces, dead money, market
## Adobe stock down 32% this year
Adobe stock is at $239.29 and down 32% year to date, outpacing software peers as the broader market climbed.
## Software peers show similar decline
Autodesk stock is down 26% year to date, while Salesforce stock is down 12% year to date, both trailing Adobe's slide.
## Market reaction to quarterly results
Adobe shares fell 4% in Tuesday afternoon trading, extending the year’s slide despite quarterly results.
## Bounce case for Adobe stock
Adobe's large installed base and subscription revenue base could drive a bounce if AI monetization is more promising than the market expects.
## Dead money case for Adobe stock
Adobe stock's decline has persisted through quarterly results and accelerated this week, signaling a durable rerating.
## What to watch next
Traders should watch for stabilization above recent lows and moderate position sizes as selling pressure eases.
## Market context for Adobe
The SPDR S&P 500 ETF Trust is up 14% year to date, while the iShares Expanded Tech-Software Sector ETF is up 0.9% year to date.
## Key takeaway

Adobe stock has fallen 32% year to date, outpacing software peers as the market rises, with investors debating whether it's dead money or due for a bounce.