🔴 DigitalOcean is trading 4.3% down in pre-market as AI disruption concerns weigh on software peers

DigitalOcean is trading at $100.50, down -4.35% in pre-market on October 29 amid a broader software selloff and AI disruption concerns.

• No fresh company-specific catalyst was identified; disappointing results from ServiceNow and Fortinet intensified AI disruption concerns, weighing on software peers.
• Alphabet’s earnings renewed concerns about returns on AI spending, while the software-sector ETF fell 3.67% in pre-market.
• DigitalOcean closed at $105.07 on October 28.