ServiceNow stock slips 2.58% and underperforms rivals

6 articles · Updated · MarketWatch · May 8

Shares closed at $91.18 as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
ServiceNow lagged peers including Oracle, up 0.70%, and Synopsys, up 2.23%, while Salesforce also fell, down 2.43%.
The stock finished 56.88% below its 52-week high of $211.48 reached on 3 July, while trading volume of 24.2 million topped its 50-day average.

As its stock craters, is ServiceNow's mandatory AI push a brilliant recovery plan or a desperate gamble?

Is ServiceNow's slump a warning shot for the entire software industry's future in the age of AI?