Core Viewpoint - Atlassian Corporation (NASDAQ:TEAM) has experienced a significant decline, being the third worst performer in the Nasdaq-100, down over 33% due to the impact of AI on the enterprise software sector [1]. Group 1: Company Performance - Atlassian is a collaboration software company that connects teams and streamlines workflows [2]. - The decline in Atlassian's stock is attributed to the rise of AI, which allows companies to develop software in-house, reducing the need for external collaboration tools [1]. - The efficiency gains from AI may lead customers to require fewer user licenses, further impacting Atlassian's revenue model [1]. Group 2: Industry Context - The enterprise software sector is undergoing significant changes due to AI advancements, affecting traditional software companies like Atlassian [1]. - Other companies, such as Salesforce, are suggested as better investment options for those looking to bet on a recovery in the enterprise software market by 2026 [1].