We recently published a list of 10 Trending AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where GitLab Inc. (NASDAQ:GTLB) stands against other trending AI stocks on latest news and ratings.
For centuries, work has been about physical abilities on farms in the factories and industries. There has been a paradigm shift in recent years, with work being about intellectual abilities. The trend is gathering steam as artificial intelligence increasingly disrupts global industries and workforces.
The emergence of AI is igniting a fresh conversation. As automation assumes more manual jobs and artificial intelligence dominates more cognitive functions, humanity will be characterized by its social skills. “But [generative AI] isn’t just another invention,” said Aneesh Raman, chief economic opportunity officer at LinkedIn. “It’s a turning point, forcing us to rethink not just what work is, but what it means to be human at work.”
If generative AI fulfills its promises, the worldwide job market will be drastically transformed, according to a Goldman Sachs report regarding the rise of AI. The investment firm projects that 300 million jobs may be eliminated or reduced due to this rapidly advancing technology.
Goldman argues that automation fosters innovation, resulting in the emergence of new job categories. AI will bring about cost reductions for businesses, allowing them to allocate their resources towards developing and expanding operations, which could boost global GDP by 7% annually.
Goldman Sachs forecasts that the advancement of AI will reflect the path taken by previous computer and technology innovations. Much like the transition from large mainframe computers to contemporary tech. AI can successfully pass the bar exam for lawyers, excel on the SATs, and create original art pieces.
Administrative assistance in offices, legal services, architecture and engineering, business and financial operations, management, sales, healthcare, and art and design are among the fields that face significant transformation due to AI automation.
According to a scholarly study by the National Bureau of Economic Research, automation technology has been the main factor contributing to income inequality in the United States over the last four decades. The study asserts that 50% to 70% of the fluctuations in U.S. wages since 1980 are linked to wage drops experienced by blue-collar employees who have been replaced or negatively impacted by automation.
Advancements in artificial intelligence, robotics, and other complex technologies have created a significant wealth and income disparity. This problem is set to intensify. Similarly, AI is causing significant changes to the coding workforce after years of hoopla and fear about how many jobs it will eliminate or replace. One of the first applications of generative AI was AI coding tools, which help write more code more quickly by automating large parts of the code development process.
“2025 is going to be a very fascinating year with some of these tools, as we start to scale,” said KeyBank Chief Information Officer Amy Brady. “We’re not far enough on the journey where I can confidently say it’s going to replace all entry-level code generation. Do I think it could replace some? Yes.”
Organizations are buzzing with discussions about artificial intelligence and the applications of generative AI, and numerous companies are progressing with their implementations. However, there is a risk of employee burnout from hastily adopting AI, and businesses must take precautions against this even as they eagerly embrace these technologies.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
GitLab Inc. (GTLB): Accelerating DevSecOps with AI-Powered GitLab Duo
A team of software engineers working together in an open office, developing innovative solutions.
GitLab Inc. (NASDAQ:GTLB) is a technology company that offers a web-based platform that helps teams manage source code, plan projects, and collaborate on software development. It also provides security, monitoring, and issue tracking. It also utilizes AI through its “GitLab Duo” feature to integrate artificial intelligence across the entire software development lifecycle. Analysts at BTIG reiterated a Buy rating on the stock and an $86 price target on March 4.
The bullish stance comes on GitLab Inc. (NASDAQ:GTLB) delivering robust fiscal fourth-quarter results that outperformed expectations. Revenue was up 29.1% year over year in Q4 2024 to $211.4 million. It also offered a robust 2026 guidance that aligned with expectations. BTIG analysts noted positive trends in big deal activity and emphasized the ongoing strength of GitLab’s premium Ultimate tier. Additionally, new products like GitLab Dedicated and Duo Enterprise are becoming more popular in the market. In the future, BTIG sees several growth drivers for GitLab, such as new product initiatives and more general secular trends in the DevSecOps industry.
“This quarter’s results demonstrate the power of GitLab’s innovative DevSecOps platform,” said Bill Staples, GitLab’s chief executive officer. “AI is fundamentally changing the software development landscape. With the GitLab platform and GitLab Duo, customers can leverage AI that fully takes advantage of the GitLab platform which ensures their software quality, security, privacy, compliance, and governance requirements are met to deliver secure software faster.”
Overall, GTLB ranks 4th on our list of trending AI stocks on latest news and ratings. While we acknowledge the potential of GTLB as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GTLB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
