Which Software Stock Has Been the Worst Performer in 2026: Adobe, Salesforce, or ServiceNow?
ServiceNow has been the worst performer among software stocks in 2026, down 40% year-to-date, followed by Adobe and Salesforce, both down 31%. The decline is attributed to AI disruption fears, geopolitical headwinds, and growth deceleration.
ServiceNow, Adobe, and Salesforce have seen significant declines in their stock prices in 2026. ServiceNow is down 40% year-to-date, while Adobe and Salesforce are both down 31%. The decline is due to AI disruption fears, with companies like Midjourney, Runway, and OpenAI encroaching on Adobe's creative base. Salesforce is under pressure despite strong Q4 2025 results, with investors worried about Microsoft Copilot and OpenAI agents eroding its CRM moat. ServiceNow's rough quarter was marked by on-premise deal slippage in the Middle East. The AI era is forcing investors to demand proof of AI revenue, compressing software multiples across the board.
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