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Why Monday.com Stock Lost 37% in February

TheMotleyFool

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Why Monday.com Stock Lost 37% in FebruaryPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

Software stocks got pounded last month as the narrative that AI would disrupt enterprise software-as-a-service (SaaS) products took hold.

Anthropic introduced new plug-ins for Claude Code and Claude Cowork, showing that AI products could be closer to challenging traditional software products than investors thought.

Monday.com (NASDAQ: MNDY) was one of the biggest losers in the month as the customer relationship management (CRM) software company is seen as vulnerable to AI pressure, and it disappointed investors with its fourth-quarter earnings report.

Source Fool.com

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