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GitLab Inc. (NASDAQ:GTLB) is one of the 10 Best Stocks to Buy in Glen Kacher's Light Street Portfolio.

On June 10, 2026, GitLab Inc. (NASDAQ:GTLB) announced new enterprise-scale capabilities designed to optimize agent-driven software delivery. The updates aim at solving operational bottlenecks and compliance risks in addition to unpredictable costs associated with automated workflows. Key rollouts include Next Generation Source Code Management, which replaces repository clones with API access to speed up task execution by 50x while consuming fewer tokens; GitLab Orbit, which introduces a unified context graph and cuts token usage as well as reduces AI hallucinations; Governance for Agents introducing new AI auditing and compliance controls; and GitLab Flex that unifies platform seats and credits into a single, adaptable annual contract.

In a separate development, on the same day, GitLab Inc. (NASDAQ:GTLB) and Google Cloud (GOOG) have expanded their partnership to launch a managed DevSecOps platform delivered by the company-certified service providers. Building upon an April agreement, this collaboration aims to assist enterprises by ensuring smooth transitions to the company's DevSecOps platform and architecture.

Founded in 2014, GitLab Inc. (NASDAQ:GTLB) is a leader in software development lifecycles. Based in California, the company provides a single, comprehensive DevSecOps platform that unifies planning, coding, security, and deployment into a streamlined workflow.

While we acknowledge the potential of GTLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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