🔥2026 has been a nightmare for the software industry.

Year-to-date declines:

• $Datadog(DDOG.US) -16%

• $Palantir Tech(PLTR.US) -20%

• $CrowdStrike(CRWD.US) -21%

• $Zeta Global(ZETA.US) -29%

• $Snowflake(SNOW.US) -30%

• $Shopify (SHOP.US) -31%

• $JFrog(FROG.US) -31%

• $Salesforce(CRM.US) -32%

• $Adobe(ADBE.US) -33%

• $UiPath(PATH.US) -35%

• $ServiceNow(NOW.US) -35%

• $Rubrik(RBRK.US) -40%

• $Zscaler(ZS.US) -41%

• $Workday(WDAY.US) -42%

• $HubSpot(HUBS.US) -43%

• $AppLovin(APP.US) -43%

• $MongoDB(MDB.US) -44%

• $GitLab(GTLB.US) -46%

• $Figma(FIG.US) -46%

• $Monday.com(MNDY.US) -55%

• $Atlassian(TEAM.US) -60%