GitLab's Wild Ride: Acquisition Rumors and Market Swings

GitLab's stock price took a 5.7% dive after rumors of a Datadog acquisition were quickly doubted, triggering investor profit-taking. This volatility is typical for GitLab, which has seen over 30 similar swings in the past year, further impacted by market jitters from potential trade wars. While AI boosts some tech stocks, lesser-known semiconductor companies may offer better growth. GitLab's shares are currently down 37% from their February high, leaving IPO investors with significant losses.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.