Few stocks have taken as brutal a beating from AI disruption fears as Monday.com (NASDAQ: MNDY). Its shares have fallen over 70% from last year's high and are currently trading below $80.
The fear behind that collapse, and that of many of Monday’s software peers, has been well covered. Investors worry that AI coding tools now make it easy for any company to build its own workflow platform in-house, rather than paying for a software subscription. But as we've seen with other software names in recent months, that fear has rarely matched reality as neatly as the charts would suggest.
