🔴 Gitlab is trading 5% down today as AI disruption concerns pressure software stocks

Gitlab is trading 5.06% lower at $53.95 on October 30, 2026, amid continued pressure across software stocks.

• Reuters reported that Fortinet and ServiceNow results renewed concerns about AI disruption, with weakness spreading to other software names.
• The software ETF was down 4.26% during the regular session; no newly identified GitLab-specific announcement was cited as the likely explanation.