🔴 Gitlab is trading 4.19% down on October 29, 2026 amid AI disruption concerns

Gitlab is trading at $55.54, down 4.19%, amid a broader software-sector selloff.

• Reuters reported software shares tumbled after disappointing Fortinet and ServiceNow results renewed concerns about AI disruption.
• Salesforce, Palo Alto Networks, CrowdStrike and Zscaler also declined; the software ETF fell 4.26% during regular trading.
• No company-specific catalyst was identified.