Gartner is trading 4.6% down at $126.82 in pre-market, extending a sharp multi-day slide amidst increasing concerns that generative AI is disrupting its core research and consulting offerings.
- The decline follows a broader sector downturn after IBM's revenue warning, indicating enterprise clients are shifting spending to AI hardware and delaying large consulting projects, impacting Gartner's contract growth.
- Investors are re-evaluating Gartner's business model as cautious corporate budgets lead to slower new contract activity and pressure on renewal growth.