Guidewire Software is trading at $159.86, down 4.23%, alongside a sharp software-stock selloff.
- IGV was down 4.26% during the regular session.
- Sector pressure followed ServiceNow’s earnings miss and slower contracted-growth outlook, alongside Alphabet-related concerns about AI spending and returns. These weighed on software stocks broadly rather than pointing to a new Guidewire-specific catalyst.
- Guidewire’s October 28 investor day discussed AI strategy, but available reporting does not establish it as the cause of this decline.