"GitLab's Stock Plunge: Investors Disappointed by Forecast and AI Frenzy"

GitLab's shares dropped 16% after the company forecasted full-year 2025 revenue and profit below Wall Street estimates, citing a cautious spending environment due to an uncertain economy. The company's CFO expects a "less conservative" approach to forecasts as it enters its third year as a public firm. Despite stable growth predictions, the stock is set to lose about $1.9 billion from its market value. GitLab's revenue projections for the first quarter and fiscal year 2025 fell below analysts' expectations, with the company warning that the projection does not include a potential price hike.