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-0.00435248848798333 -0.00359553396833403 -0.0151706301646376 -0.0179776698416703 -0.0268088059042453 -0.0306566580457957 -0.0358922601400366 -0.0372800100927269
Stock impact report

Monday.com drops 19% as AI disruption fears mount in software [CNBC]

monday.com Ltd. - Ordinary Shares (MNDY) 
Company Research Source: CNBC
Software stocks have plummeted in recent weeks on fears that new AI tools will uproot their business models. Co-CEO and cofounder Eran Zinman said the company isn't seeing any impact from AI companies, but has pivoted messaging and advertising to focus on AI. In this article Cheng Xin | Getty Images Monday.com 's stock plummeted more than 19% on Monday after the project management platform issued weak guidance as it grapples with rising concerns that artificial intelligence is disrupting the software business model. The Israel-based company called for revenue between $338 million and $340 million in the current quarter, short of the $343 million expected by analysts polled by FactSet. For the full year, monday.com forecasted between $1.452 billion and $1.462 billion in revenue, versus a FactSet estimate of $1.48 billion. Software stocks have sold off in recent weeks on rising AI disruption fears and worries that new agentic tools can replace them. So far this year, the Show less Read more
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