A new internal study from Anthropic shows that AI tools are boosting productivity inside the company while simultaneously eroding collaboration, weakening skill development and fueling concerns about long-term job relevance.AI Productivity Surge Reshapes Developer WorkflowsAnthropic on Tuesday released findings from an internal August study examining how employees use Claude Code, its agentic AI coding tool.The research surveyed 132 engineers and researchers, conducted 53 interviews and analyzed how the too ...

Core Insights - ServiceNow, Inc. (NYSE:NOW) is recognized as a leading consumer cyclical stock and plays a significant role in the enterprise AI segment through its AI services [1] - The company has been expanding its partnership with Microsoft, enhancing its AI capabilities and workflow management solutions [2][3] - Despite recent underperformance due to cautious guidance and concerns over client renewals, ServiceNow's AI innovations are gaining traction and supporting its strategic positioning [4] Group 1: Company Overview - ServiceNow, Inc. is a software company focused on streamlining business workflows and integrating AI into its services [1] - The company’s AI Control Tower and Build Agent will now work with Microsoft's AI Foundry, Copilot Studio, and GitHub, marking a significant advancement in its offerings [2] Group 2: Strategic Partnerships - The collaboration with Microsoft allows ServiceNow to provide its business customers with enhanced automation and workflow management while leveraging Microsoft's AI services [2][3] - This partnership aims to connect orchestration and governance across both platforms, enabling organizations to manage intelligent agents effectively [3] Group 3: Market Position and Performance - Columbia Threadneedle Investments noted that ServiceNow underperformed in the last quarter due to cautious guidance and concerns about large client renewals [4] - Despite these challenges, the company’s AI innovations are seen as a key factor in its strategic positioning as a next-generation workflow and AI orchestration platform [4]

Core Insights - The AGIX index aims to capture the beta and alphas of the AGI era, which is expected to be a significant technological paradigm shift over the next 20 years, similar to the impact of the internet [2] - The "AGIX PM Notes" serves as a record of thoughts on the AGI process, inspired by legendary investors like Warren Buffett and Ray Dalio, to witness and participate in this unprecedented technological revolution [2] Market Performance - AGIX recorded a weekly performance of 6.00%, a year-to-date return of 26.73%, and a return of 74.56% since 2024 [4] - In comparison, QQQ, S&P 500, and Dow Jones had year-to-date returns of 21.13%, 16.45%, and 12.16% respectively [4] Sector Performance - The application sector saw a weekly performance of 2.20% with an index weight of 33.62% - The semi & hardware sector had a weekly performance of 1.76% with an index weight of 24.22% - The infrastructure sector recorded a weekly performance of 2.08% with an index weight of 37.19% [5] AI Industry Developments - Ilya's recent interview sparked significant market discussion, highlighting concerns about model training stagnation while also noting advancements in Google's Gemini 3 capabilities [9][10] - The AI industry is transitioning from a research phase to a focus on productization and optimization, with Google leveraging its TPU technology for enhanced performance [10] - The future of AI may not be dominated by a single model but rather by productization capabilities and external factors such as distribution and ecosystem [11] Investment Trends - The AI startup financing landscape remains robust, with 49 companies securing over $100 million in single rounds by November, matching the total for 2024 [17] - Major investments include Anysphere's $2.3 billion funding round and OpenAI's record $40 billion financing, indicating a growing concentration of capital in the AI sector [17] Corporate Actions - ServiceNow is in talks to acquire cybersecurity startup Veza for over $1 billion, which would enhance its identity management capabilities [19] - Zscaler reported strong Q1 results but saw its stock drop over 7% due to a conservative outlook, reflecting investor expectations for tech company growth [19]

Core Viewpoint - The resurgence of stock splits is a notable market trend, making shares more affordable for everyday investors and often reflecting strong operating results from companies [1][2]. Group 1: Stock Split Overview - Companies that conduct stock splits typically see an average stock price increase of 25% in the year following the announcement, compared to 12% for the S&P 500 [3]. - The article highlights two recent stock-split stocks, Netflix and ServiceNow, which are seen as having significant upside potential [3]. Group 2: Netflix Analysis - Netflix has experienced a stock price increase of 23% this year and 755% over the past decade, leading to a 10-for-1 stock split [4]. - The company reported record revenue of $11.5 billion in Q3, a 17% year-over-year increase, with diluted EPS rising 27% [6]. - Analysts are optimistic about Netflix, with 69% rating it a buy or strong buy, and an average price target of $135, suggesting a 27% upside [7]. Group 3: ServiceNow Analysis - ServiceNow's stock is down nearly 24% over the past year, prompting a 5-for-1 stock split, despite its current price being above $800 [9]. - The company reported Q3 revenue of $3.4 billion, a 22% increase, with adjusted EPS rising 29% [11]. - ServiceNow's remaining performance obligation (RPO) increased by 24% to $24.3 billion, indicating potential future growth [12]. - Wall Street is bullish on ServiceNow, with 91% of analysts rating it a buy or strong buy, and an average price target of $1,155, implying a 44% upside [13].

ServiceNow, Inc. (NYSE:NOW) is one of the best low volatility large cap stocks to invest in. ServiceNow, Inc. (NYSE:NOW) was initiated with a Neutral rating by Macquarie analyst Steven Koenig on November 25 with a price target of $860. The firm told investors that it considers ServiceNow, Inc. (NYSE:NOW) to be a “great company but only a fair stock” at current share levels. ServiceNow, Inc. (NOW) Is Competing With The Rise Of AI, Says Jim Cramer Although the analyst acknowledges its position as a leading ...

Core Insights - ServiceNow Inc. is recognized as a promising AI stock, with Macquarie initiating coverage with a Neutral rating and a price target of $860, indicating that the stock is already priced for much of its potential upside [1][2] - The company has demonstrated strong fundamentals, including a fiscal 2024 subscription revenue of $10.646 billion, reflecting a 23% increase from the previous year, and a free cash flow margin of 31% [2] - Recent announcements include new integrations with Microsoft, aimed at enhancing enterprise AI orchestration and governance, with general availability expected by year-end [3][4] Financial Performance - ServiceNow achieved a mid-50s Rule of 40 score, indicating a healthy balance of growth and profitability [2] - Revenue and earnings estimates for the upcoming years are projected to be above market expectations, with potential catalysts from upcoming results and updates on AI monetization [2] Product Development - The company is expanding its AI-driven workflow automation capabilities, particularly with the introduction of Now Assist tools [1] - New integrations with Microsoft, such as Agent 365 and Build Agent, are designed to enhance automation and governance across various platforms [3][4] Market Position - ServiceNow trades at a premium compared to other software companies, despite a soft sentiment in the SaaS space [1] - The company is diversifying its offerings beyond IT service management into customer service, HR, compliance, and industry workflows, which presents both opportunities and risks [1]

Core Insights - Sands Capital's Q3 2025 investor letter indicates a recovery in U.S. large-cap growth equities driven by strong corporate earnings, AI enthusiasm, and expectations for Federal Reserve policy easing [1] - The portfolio achieved a net return of 6.3% in the quarter, underperforming the benchmark's 10.5% gain [1] Company Analysis: ServiceNow, Inc. (NYSE:NOW) - ServiceNow is recognized as the leading provider of enterprise workflow automation software, holding a significant market share [3] - The stock experienced a one-month return of -11.95% and a 52-week decline of 22.92%, closing at $802.72 with a market capitalization of $167.087 billion on November 26, 2025 [2] - Despite concerns over potential government spending cuts and AI disruption, ServiceNow's fundamentals remain strong, with subscription revenue increasing by 22.5% year-over-year and operating margins expanding by 230 basis points [3] - The company reported a 50% year-over-year growth in its AI-enabled Pro Plus product, alongside increased adoption of other AI offerings [3] - In Q3 2025, ServiceNow's subscription revenues reached $3.299 billion, reflecting a 20.5% year-over-year growth in constant currency [4] - The stock is not among the 30 most popular stocks among hedge funds, with 106 hedge fund portfolios holding it at the end of Q2 2025, unchanged from the previous quarter [4]

Core Insights - ServiceNow, Inc. is a leading enterprise software company that provides a cloud-based platform for automating workflows across various business operations, evolving from an IT service-management tool since its founding in 2003 [1] - The company has a market capitalization of $171.7 billion, classifying it as a large-cap stock and highlighting its influence in the software application industry [2] Financial Performance - ServiceNow's stock is currently trading 33% below its 52-week high of $1,198.09, which was reached on January 28 [3] - Over the past three months, ServiceNow shares have decreased by 7.2%, underperforming the Nasdaq Composite's 7.8% increase [3] - In the last 52 weeks, ServiceNow's stock has risen by 5%, significantly trailing the Nasdaq Composite's 21.1% return [4] - Year-to-date, ServiceNow shares are down 24.3%, compared to the Nasdaq's 20.2% rise [4] - The stock has been trading below its 200-day and 50-day moving averages since late July, confirming a bearish trend [4] Strategic Developments - On November 18, ServiceNow shares fell by 2.1% following the announcement of new integrations with Microsoft Corporation, including Microsoft Agent 365 [5] - This collaboration aims to enhance AI orchestration and governance for shared customers, combining workflow intelligence, secure cloud infrastructure, and AI governance [5] - The unified approach is intended to provide enterprises with improved visibility, compliance, and control over AI agents, setting a new standard for enterprise-grade AI deployment and management [5]

Core Insights - ServiceNow is in advanced talks to acquire security startup Veza for over $1 billion, aiming to enhance its AI Agent-related products and services [1][2] - Veza's subscription software helps enterprises manage access permissions for employees and AI Agents, addressing new security challenges posed by AI [2] - The acquisition could differentiate ServiceNow's offerings in a crowded market of similar AI products from various software vendors [2] Group 1: Acquisition Details - ServiceNow is negotiating a deal that may be announced as soon as next week, although it is not finalized yet [2] - The acquisition is part of ServiceNow's strategy to sell more AI tools to its clients, enhancing its market position [2] Group 2: Veza's Business Model - Veza's annual service contracts, sold through Amazon Web Services, are priced at $100,000 [3] - The company has notable clients including Blackstone, Instacart, and Snowflake, indicating its market relevance [3] - Veza has experienced significant growth, with employee numbers increasing by over 50% in the past year [3] Group 3: Market Context - The demand for data control is rising as AI Agents may lead to new types of cyberattacks, making Veza's solutions increasingly relevant [2] - ServiceNow's previous acquisition of Moveworks for $2.85 billion is currently under antitrust review, highlighting the competitive landscape in the IT services sector [4]

Group 1 - The S&P 500 is experiencing significant gains during the Thanksgiving week, with most sectors benefiting from the rally [1][2] - Enterprise software and health care stocks are notably underperforming, missing out on the broader market gains [1][2] - Workday is identified as the largest laggard in the S&P 500, alongside other companies like Deere, Intuit, Salesforce, and ServiceNow, which are also trading lower [2] Group 2 - Workday and Deere reported disappointing quarterly results, contributing to their stock declines [2] - Salesforce, another key player in the enterprise software sector, is set to report its quarterly results in a week [2]