🔴 Innodata is trading 5% down today amid software-sector concerns over growth and AI returns

Innodata is trading at $45.26 (-5.03%) amid a software-sector selloff; no new company-specific catalyst was identified for October 29.

• Disappointing ServiceNow and Fortinet results and outlooks heightened growth and AI-return concerns; the software ETF was reported down 3.4% in market coverage.
• Nasdaq futures fell amid mixed Big Tech results and inflation concerns, adding to broader technology weakness.
• Previously reported layoffs relate to Innodata’s sharp October 27 drop, not a verified catalyst this session.