Monday.com shares plunge following earnings report

Shares of the Israeli software company Monday.com are recording sharp declines on the Wall Street stock exchange, according to reports today (Sunday) by Globes and TheMarker. The company beat analyst expectations and raised its annual growth forecast, but investors are reacting with concern to the founders' comments regarding operational challenges involved in the company's transition to an artificial intelligence-based model. In addition, the company forecasts slower growth for the fourth quarter, adding pressure to the stock, which has fallen about 40% since the beginning of the year. Further details have not yet been published.