Workday’s $32.30 billion market cap stock fell sharply as investors rotated from tech to physical economy sectors in Q1 2026.
Workday (WDAY) shares closed at $130.80 on June 12, 2026, down 46.75% over the past 52 weeks. The decline reflects broader market shifts away from mega-cap tech stocks amid concerns over AI disruption and inflation pressures.
The Madison Large Cap Fund, which underperformed the S&P 500’s -4.33% return in Q1 2026, cited Workday as a detractor. Rising commodity prices and sector rotation into energy, materials, and real estate weighed on tech valuations.
Workday’s one-month return stood at 1.49%, signaling limited near-term recovery despite its cloud-based enterprise software dominance.