$MNDY

Shares of enterprise software and SaaS companies, including Atlassian (TEAM), Palo Alto Networks (PANW), SentinelOne (S), monday.com (MNDY), and Freshworks (FRSH), rose as investors shifted from semiconductor and AI-hardware stocks. The move followed calls for a pause in AI development, reducing concerns about AI displacing traditional software. SentinelOne's stock surged 15.3%, nearing its 52-week high, despite volatility and recent market downturns.

Monday.com (MNDY) stock rose 16% in August, despite initial investor concerns over its Q2 results. Revenue grew 22% YoY to $365M, and adjusted net income increased 13% to $65.6M. The company provided optimistic guidance for Q3 and 2026. A strong earnings report from Salesforce later in the month boosted investor sentiment in the CRM sector, benefiting Monday.com.

monday.com (MNDY) director Aviad Eyal plans to sell 6,000 shares, valued at $606,840, under Rule 144 and a 10b5-1 plan. Sales are scheduled for August 31, 2026, through Goldman Sachs. The company has 42,906,944 shares outstanding.

Enterprise software stocks rose after strong earnings and AI-driven growth reports. Paylocity (PCTY) +4%, MongoDB (MDB) +9.7%, Datadog (DDOG) +6.4%, Five9 (FIVN) +6.4%, monday.com (MNDY) +6.6%. Salesforce, CrowdStrike, and Okta showed AI boosted their revenues. MongoDB's volatility noted; up 12% YTD.

Monday.com (MNDY) +7%, HubSpot (HUBS) +6%, and Intuit (INTU) +5% in a software sector rally. The gains follow Anthropic's below-expectation revenue and AI-related concerns. All three stocks remain down ~45% year-over-year. Software ETF IGV rose 0.6% while semiconductor ETF SOXX dropped sharply.

monday.com (MNDY) reported Q2 2026 revenue of $364.6M, up 22% YoY, driven by AI adoption and upmarket growth. AI ARR doubled, representing 17% of net new ARR. Total ARR reached $1.5B. Net dollar retention was 109%. The company announced a 20% workforce reduction to focus on AI. Q3 revenue guidance is $368M-$370M, and full-year guidance is $1.466B-$1.474B, reflecting 19%-20% growth. Non-GAAP operating margin improved to 17%.

Baidu (BIDU) fell 12.73% after reporting a Q2 revenue miss and declining ad revenue. CoreWeave (CRWV) dropped 12.10% amid rising Treasury yields. monday.com (MNDY) rose 5.65% on strong earnings. The S&P 500, Nasdaq, and SOXX indices all declined, with AI and semiconductor stocks under pressure.

Shares of monday.com (up 6.9%), HubSpot (up 6.6%), and Intuit (up 5.2%) rose on Tuesday amid a broader tech selloff, driven by a rotation into software stocks. The move follows weekend reports on AI revenue projections and tech commitments. All three stocks have declined significantly year-to-date but showed recent earnings growth.

Citi said European hardwood and softwood pulpwood prices fell about 1% week over week for a third straight week, while China softwood and hardwood import prices were largely stable. Citi expects the recent European pulpwood softness to weigh on near term shares of Stora Enso and SCA. It also cited rising containerboard and OCC spot prices.

Chip equipment stocks rose Monday as Applied Materials reported record fiscal Q3 revenue of $9.12B and guided Q4 revenue of $9.75B to $10.75B. ACM Research, Teradyne, and Micron also gained, with Micron crossing $1,000. The SOXX ETF rose 1.58% while some SaaS names fell. Source: article citing company results and analyst targets.