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US stocks open lower as software woes continue
Nasdaq Composite leads declines amid concerns over AI disruption to software companies
Published on Feb. 9, 2026
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US stocks opened lower on Monday, with the tech-heavy Nasdaq Composite dropping about 0.5% in the opening minutes of trade. The most notable move was a 23% plunge in shares of software company monday.com after its sales and profit forecasts fell short of estimates, the latest sign of investor unease over how AI-related disruptions could impact the sector's future profits.
Why it matters
The sell-off in software stocks reflects broader concerns among investors about the potential for artificial intelligence to disrupt traditional business models, especially in the technology sector. As AI capabilities advance, there are growing questions about which companies and industries will be most impacted, leading to volatility in the market.
The details
Shares of monday.com fell as much as 23% in early trading after the company's first quarter revenue guidance of $338 million to $340 million came in below expectations of $342 million. Its operating income forecast also fell short of analyst estimates. The stock has now declined 33% so far this year as investors worry about the impact of AI on software companies.
- US stocks opened lower on Monday morning.
The players
monday.com
A software company that provides a work management platform for teams.
Nasdaq Composite
A stock market index that includes over 3,000 common stocks listed on the Nasdaq stock exchange.
The takeaway
The sell-off in software stocks like monday.com highlights the broader market uncertainty around the potential disruption that artificial intelligence could bring to various industries. Investors remain on edge as they try to assess which companies and sectors will be most impacted by the rapid advancements in AI technology.
