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Adobe and Salesforce stocks rise as AI fears ease, leading a software sector rebound amid tech selloff.

Market News
22 Oct 2026
24/7 Wall Street
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Bullish
Adobe and Salesforce stocks rise as AI fears ease, leading a software sector rebound amid tech selloff.

Adobe shares jumped 5% and Salesforce rose 3% despite a broader tech selloff, driven by renewed investor confidence in their AI strategies. Adobe's partnership with NVIDIA to speed up AI features in Photoshop and Premiere reassures investors that AI will enhance rather than replace its creative tools. Salesforce's AI integration in customer relationship software also supports its value proposition, though concerns remain about automation reducing subscription revenue. The market will watch if these AI advancements translate into sustained customer growth and revenue increases.

Adobe shares on Pluang rose 5.77% to USD 269.77, showing strong investor interest despite a high sell order ratio of 74%. Salesforce also gained 3.53% to USD 250.31, with a majority of buy orders at 62%. These movements reflect active trading in tech stocks as of Oct 23, 2026 01:21 WIB.

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