ServiceNow Jumps 14% as Software Rally Gains on Renewed AI Optimism

4 articles · Updated · Seeking Alpha · May 29

ServiceNow surged 14% by noon trading Friday, leading a broad rally in software stocks as investors rotated back into the sector.
Recent earnings results drove the move, easing fears that artificial intelligence would disrupt software companies and instead reinforcing confidence in their growth outlook.
Jefferies conference commentary helped spotlight that sentiment shift, with ServiceNow emerging as the clearest winner in the rebound.
The rally signals a broader turn in software investing, where AI is increasingly being viewed as a tailwind rather than a threat.

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