ServiceNow Jumps 6.4% as AI Slowdown Flips the Software Trade

This article first appeared on GuruFocus. ServiceNow shares jumped 6.4% in Monday regular trading, with the stock quoted at $140.98 as investors shifted toward software while unloading AI infrastructure names. ServiceNow (NYSE:NOW), the enterprise-workflow and automation software provider, stood out as money moved away from the semiconductor trade. Reuters reported that ServiceNow and Adobe gained more than 3% while the Philadelphia Semiconductor Index sank nearly 6%, highlighting how quickly investors are reconsidering where the next leg of AI returns may come from. Warning! GuruFocus has detected 3 Warning Sign with NOW. Is NOW fairly valued? Test your thesis with our free DCF calculator.