Jim Cramer discussed monday.com Ltd. (MNDY) and its recent struggles in the enterprise software sector. Shares of MNDY have dropped 22.8% year-to-date, with a 29.8% decline in August. Despite beating analyst and revenue estimates, the company’s Q3 revenue guidance missed expectations, leading to a negative market reaction.

According to Cramer, MNDY is part of the “Enterprise Software Revulsion” trend, where investors are favoring other sectors like semiconductors over enterprise software companies. He predicts that stocks in this sector will see shrinking price-to-earnings multiples.

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