Monday.com
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Monday.com Plummets 19% Amidst AI Disruption Fears in Software Sector
Monday.com’s stock plummeted over 19% after the company issued weaker-than-expected financial guidance for the current quarter and full fiscal year. This downturn occurred amidst broader market anxieties regarding artificial intelligence’s potential disruption to software business models. Despite management’s assurances of AI integration and a strong market position, concerns over future headwinds and operational income forecasts contributed to the significant stock decline.