Hello @Mike Kiser and thank you for bringing this issue to our attention. I have reproduced the partial hyperlink effect in the output of a Set Variable activity. I understand this has you worried, but unless I am mistaken, it is not nearly as bad as you think.
This effect is most likely only confined to your ability to click the link. I do not expect it to actually affect the running of the web activity. Could you please confirm the activity results / data are as expected?