Access our full analysis report here, it\u2019s free<\/a>.<\/p>\n What Is The Market Telling Us <\/p>\n
ServiceNow\u2019s shares are quite volatile and have had 19 moves greater than 5% over the last year. In that context, today\u2019s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.<\/p>\n
The previous big move we wrote about was 3 days ago when the stock gained 12.7% on the news that a two-day wave of AI conviction, sparked by Snowflake’s best single-session day on record and extended by Dell’s blowout earnings continued to weaken the narrative that weighed on the software sector.<\/p>\n
Snowflake’s Q1 results sent the stock up 36% on May 28, its strongest single-day gain since its 2020 IPO, showing that AI is accelerating demand for enterprise data platforms rather than cannibalizing them. Then Dell’s Q1 report, published after the bell on May 28, confirmed the physical infrastructure layer is expanding at a scale most analysts had not modelled: $43.8 billion in revenue, up 88% year-over-year, AI server revenue of $16.1 billion up 757%, and a record AI backlog of $51.3 billion.<\/p>\n
The combined read-through was hard to ignore: enterprises are deploying AI at scale, and they need both the software layer and the hardware stack to do it. A supportive macro backdrop provided additional lift. The 10-year Treasury yield fell to 4.45% on reports of a US-Iran truce extension, reducing the discount rate on long-duration growth stocks.<\/p>\n
ServiceNow is down 8.2% since the beginning of the year, and at $135.31 per share, it is trading 35.2% below its 52-week high of $208.94 from July 2025. Despite the year-to-date decline, investors who bought $1,000 worth of ServiceNow\u2019s shares 5 years ago would now be looking at an investment worth $1,442.<\/p>\n","protected":false},"excerpt":{"rendered":"What Happened? Shares of enterprise workflow automation company ServiceNow (NYSE:NOW) jumped 9.4% in the afternoon session after it…\n","protected":false},"author":2,"featured_media":471756,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,12600,219242,85,46,57421,10749],"class_list":["post-471755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-dell","tag-enterprise-workflow-automation-company","tag-il","tag-israel","tag-servicenow","tag-software-company"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/471755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=471755"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/471755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/471756"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=471755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=471755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=471755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}