🔴 Elastic is trading 4.5% down today amid broader software-sector AI disruption concerns

Elastic is trading at $101.77, down 4.52%, as a broader software-sector selloff weighs on shares.

• Reuters reported software shares fell after disappointing Fortinet and ServiceNow results intensified concerns that AI could disrupt software business models.
• IGV is down 4.26% in regular trading.
• Search results identified no direct Elastic-specific catalyst.