A 30% plunge in Monday.com Ltd. shares grabbed investor attention in Europe on Tuesday, with some analysts saying the drop reflected concerns over the long-term competitive threat of AI as much as results that failed to meet higher investor expectations. Smaller peers like Sage Group Plc and Dassault Systemes SE also slid in Tuesday trading. “Software valuations remain under pressure from the ‘death of software due to AI’ narrative, which likely drives continued volatility in the short term,” RBC Capital Markets analysts led by Matthew Hedberg wrote in a note on Tuesday.