NOW shares gained 7% in Monday\u2019s premarket, extending sharp gains from last month.<\/p>\n
Huang believes agentic AI is a tailwind for Saas, dismissing concerns that the technology would disrupt the sector.<\/p>\n
Stocktwits sentiment for NOW climbed higher in the \u2018extremely bullish\u2019 zone.<\/p>\n
ServiceNow shares rose 7% in premarket trading on Monday, extending their rally as investors appeared to rotate back into software stocks, after Nvidia CEO Jensen Huang suggested that software companies would not be displaced by AI, but instead stand to benefit from the technology\u2019s rapid adoption.<\/p>\n
Speaking at the Computex 2026 technology conference in Taipei on Monday, Huang said that he was asked whether AI agents would disrupt the software market. \u201cI said, (it\u2019s) completely opposite. And you can see it. (AI) agents is the going to create the largest opportunity for my partner companies,\u201d he said, before a slide featuring Nvidia\u2019s partners including Palantir, Crowdstrike, SAP, and Synopsys, among others.<\/p>\n
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a><\/p>\n On March 5, Nvidia and ServiceNow announced an expansion of their existing partnership to build AI agents for enterprises. Last week, ServiceNow shares recorded their best day in a year, and Bank of America analyst Tal Liani reinstated coverage of the stock with a buy rating.<\/p>\n ServiceNow’s AI Control Tower platform provides centralized governance and management of autonomous AI agents across the enterprise, a role Liani called “mission-critical” for organizations.<\/p>\n Investors Return To NOW, Broader SAAS <\/p>\n Overall, NOW shares gained 41% last week, their best move since the company\u2019s initial public offering in June 2012. In fact, the entire software space is seeing renewed interest: the iShares Expanded Tech-Software Sector ETF (IGV) rallied 21% in May, its best move since October 2001.<\/p>\n Retail View On NOW <\/p>\n NOW trended among the top tickers on Stocktwits early Monday, with retail sentiment moving higher in the \u2018extremely bullish\u2019 zone.<\/p>\n \u201cThe AI boom doesn’t seem to be reducing the importance of software companies. $NVDA CEO Jensen Huang recently said AI is creating more opportunities, not fewer,\u201d said<\/a> a trader.<\/p>\n \u201cLooking at recent price action for $NOW, $MSFT, $IGV the software space has been showing improving momentum, with several names appearing to have already established their lows,\u201d they added.<\/p>\n