What Happened? Shares of work management platform monday.com (NASDAQ:MNDY) fell 5.4% in the morning session after a broad sell-off hit the technology sector, fueled by renewed concerns over high valuations and the potential disruption from artificial intelligence (AI). The decline was widespread, with major stock indexes retreating. The tech-heavy Nasdaq fell significantly as technology stocks became the heaviest weights on the market. The sell-off specifically hit software and semiconductor stocks. This ...

Group 1: AI Industry Overview - The AI industry is rapidly growing, with major tech firms like Amazon, Meta, Alphabet, and Microsoft planning to spend a cumulative $364 billion on AI-related infrastructure in 2025 [1] - Analysts believe that the spending habits of Big Tech indicate significant gains for lesser-known AI-focused companies, with shares of Salesforce, HubSpot, and monday.com expected to soar by 30% or more over the next 12 months [2] Group 2: Salesforce - Salesforce is a leading CRM software provider, with 42 out of 54 analysts rating the stock as a "buy" or "strong buy" [4] - The consensus price target for Salesforce suggests a potential gain of 45% over the next 12 months, with the most optimistic analyst predicting an 84% increase [5] - Despite a 33% decline from its peak in February, Salesforce's underlying business remains strong, with an 8% year-over-year sales increase and a 120% growth in annual recurring revenue from its Data Cloud and AI segment [6][7] Group 3: HubSpot - HubSpot's AI-powered customer platform has garnered strong support from analysts, with 33 out of 36 recommending it as a "strong buy" or "buy" [8][9] - The consensus price target for HubSpot is $695.80, indicating a potential 59% increase from its price on August 15 [9] - Although the stock is down 47% from its February peak, HubSpot's total customer base grew by 18% year over year, and management anticipates a 17% sales increase in 2025 [10][11] Group 4: monday.com - monday.com, a work management platform, has received strong endorsements from analysts, with 24 out of 25 recommending it as a "strong buy" or "buy" [11][12] - The consensus price target for monday.com implies a 61% gain over the next 12 months [12] - Despite a 46% decline from its peak in February, monday.com expects total sales to rise by 26% this year, reaching $1.2 billion, and has introduced new AI-powered capabilities to enhance customer productivity [13][14]