Why GitLab Stock Soared 35% in August and Why It's Already Rocketed Higher
As fears of a SaaSpocalypse faded, the software development specialist took flight.
Overview
Shares of GitLab (NASDAQ:GTLB) skyrocketed in August, gaining 34.9%, according to data supplied by S&P Global Market Intelligence. That's 90-fold higher than the 2.6% gains of the S&P 500.
It turns out the threat of artificial intelligence (AI) to the software sector wasn't as bad as some feared.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.