ServiceNow stock rises 5.10% and outperforms competitors
Updated
Updated · MarketWatch · May 7
ServiceNow stock rises 5.10% and outperforms competitors
11 articles · Updated · MarketWatch · May 7
Shares closed at $93.59 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
ServiceNow beat gains by Salesforce, up 2.84%, Oracle, up 0.29%, and Synopsys, up 0.15%, while trading volume reached 27.4 million shares, above its 50-day average.
Despite the rally, the stock remains 55.74% below its 52-week high of $211.48 reached on July 3.
After a 45% plunge, can ServiceNow's billion-dollar AI bet justify its rebound and future growth?
Is ServiceNow's AI just an expensive feature that larger tech rivals could easily replicate and dominate?