GitLab fell with enterprise-software peers after ServiceNow's weak contracted-revenue outlook and a broad tech selloff.
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GitLab fell with enterprise-software peers after ServiceNow's weak contracted-revenue outlook and a broad tech selloff.
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GitLab fell as ServiceNow's softer outlook for fourth-quarter contracted-revenue growth drove a sharp ServiceNow selloff and repriced enterprise-software peers. The broader tech tape also weakened after Alphabet's results revived concerns over AI spending, pulling the Nasdaq lower. GitLab's decline ran alongside drops in ServiceNow, Atlassian, Datadog and Microsoft, with no company news behind it.
GitLab fell as ServiceNow's softer outlook for fourth-quarter contracted-revenue growth drove a sharp ServiceNow selloff and repriced enterprise-software peers. The broader tech tape also weakened after Alphabet's results revived concerns over AI spending, pulling the Nasdaq lower. GitLab's decline ran alongside drops in ServiceNow, Atlassian, Datadog and Microsoft, with no company news behind it.