The stock is up nearly 60% since the beginning of the year. In the crowded field of enterprise software companies, ServiceNow (NOW 3.24%) continues to stand out as a leader in workflow automation. ServiceNow's ability to foster efficiencies is critical to organizations in a time of economic uncertainty and rising labor costs. Will these improvements will continue to translate into gains for investors? As the stock price rises, long-term investors should take a closer look at this SaaS stock to see if it sti ...

These companies have plenty of growth ahead. With the artificial intelligence (AI) market expected to triple in size through the end of the decade, investors who choose the right tech stocks should do very well. Statista projects the AI market to climb to $826 billion by 2030. Here are two stocks that will help you profit from this opportunity. 1. Nvidia The rapid adoption of AI is driving phenomenal growth for leading AI chip supplier Nvidia (NVDA -1.92%). The stock soared over the last year, but Nvidia co ...

ServiceNow (NOW) shares have returned 6.4% in the past month, outperforming the Zacks Computer & Technology sector and the Zacks Computers – IT Services industry. While the sector has dropped 2.6%, the industry has returned 5.4% over the same time frame. ServiceNow has been benefiting from strong expansion in clientele as enterprises undergoing digital transformation continue to adopt its workflow solutions. NOW's growing Generative AI prowess and strong partner base are driving prospects. Year to date, Ser ...

The most recent trading session ended with ServiceNow (NOW) standing at $885.83, reflecting a -0.74% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.03% gain on the day. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%. The the stock of maker of software that automates companies' technology operations has risen by 7.15% in the past month, leading the Computer and Technology sector's loss of 1.2% and the S&P 500's gain of 1.54%. The upcoming earni ...

ServiceNow (NOW) closed the most recent trading day at $875.96, moving +1.84% from the previous trading session. This change outpaced the S&P 500's 1.07% gain on the day. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 2.17%. Prior to today's trading, shares of the maker of software that automates companies' technology operations had gained 5.05% over the past month. This has outpaced the Computer and Technology sector's loss of 0.16% and the S&P 500's gain of 2.92% in that time. ...

Summary of ServiceNow, Inc. Conference Call Company Overview - **Company**: ServiceNow, Inc. (NYSE: NOW) - **Event**: Goldman Sachs Communacopia + Technology Conference Call - **Date**: September 11, 2024 Key Points Industry Insights - The discussion reflects a strong belief in the potential of generative AI (GenAI) to transform the application layer of enterprise software, similar to past tech booms in the NASDAQ [1][14] - The focus is on the integration of GenAI into business processes, enhancing productivity and efficiency across various industries including financial services, retail, telecommunications, media, technology, and public sector [22][25] Company Vision and Strategy - **Long-term Aspirations**: ServiceNow aims to be the most valuable enterprise software company by 2030, excluding hyperscalers [7] - **Innovation Focus**: The company emphasizes continuous innovation, with the recent Xanadu release incorporating 350 million net new innovations, showcasing a commitment to engineering excellence [6] - **Cultural Commitment**: ServiceNow has maintained a no-layoff policy during challenging times, focusing on building a strong company culture [6] Product Development and AI Integration - ServiceNow has developed a data workflow platform, RaptorDB, which is claimed to be the fastest database in the world, capable of handling complex queries efficiently [17] - The company is integrating domain-specific large language models (LLMs) to automate IT processes and enhance employee experiences [18] - The partnership with Microsoft is highlighted, particularly in relation to the Now Assist feature, which automates procurement processes within the Microsoft ecosystem [41][43] Customer Engagement and Market Position - ServiceNow has successfully penetrated the financial services sector, now serving all top 24 banks globally [22] - The company reports significant customer savings through GenAI, with examples like Teleperformance and USI achieving instantaneous ROI by deflecting 90% of cases that would typically require agent intervention [30][31] Economic Impact and Employment - The CEO discusses the dual focus of companies on productivity and growth, emphasizing that technology should enhance the capabilities of existing employees rather than reduce headcount [37][38] - The potential economic impact of AI is projected to be substantial, with estimates suggesting an $11 trillion contribution to the economy in the coming years [40] Competitive Advantage - ServiceNow positions itself as a unique platform that integrates various AI agents across departments, ensuring cohesive workflow automation and governance [45] - The company aims to eliminate silos within organizations, allowing for optimized processes across the enterprise [45] Future Outlook - The expectation is that the GenAI revolution will continue to grow, with significant investments projected in AI technologies by enterprises through 2027 [25] - ServiceNow is committed to maintaining its leadership in the enterprise software space by leveraging its innovative capabilities and strong partnerships [26] Additional Insights - The conversation reflects a strong sense of optimism about the future of technology and its role in business transformation, with a focus on customer-centric solutions and operational efficiency [3][11] - The CEO's personal anecdotes and motivational insights highlight the importance of vision and leadership in driving company success [3][4]

Investors can profit off the burgeoning AI market with these industry leaders. The market for artificial intelligence (AI) could reach $826 billion by 2030, according to Statista. Investors who stick with top suppliers in data center hardware and enterprise software should earn excellent returns, as AI investment ramps up in these mission-critical areas. Here are two outstanding AI stocks to buy right now. 1. Nvidia Nvidia (NVDA 0.56%) has long dominated the market for graphics processing units (GPUs), and ...

For Immediate Releases Chicago, IL – September 9, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: ServiceNow, Inc. (NOW) , Interactive Brokers Group, Inc. (IBKR) and Pilgrim's Pride Corp. (PPC) . Here are highlights from Monday's Analyst Blog: 3 Low-Beta Stocks to Buy for the "September Effect" September is renow ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. ServiceNow (NOW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. ServiceNow is one of 618 companies in the Computer and Technology group. T ...

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