Is ServiceNow (NOW) The Best AI Stock to Buy on the Dip?

Core Viewpoint - ServiceNow, Inc. (NYSE:NOW) is highlighted as a top stock recommendation amid concerns over the AI bubble, with a focus on its monetization of AI tools [1][2]. Group 1: Company Performance - ServiceNow's stock is down 14% year-to-date, indicating a potential buying opportunity as the company begins to monetize its AI tools [1]. - The company aims for $1 billion in annual contract value from AI-related products by 2026, showcasing its commitment to leveraging AI for growth [2]. Group 2: Market Position - ServiceNow is recognized as a leader among its software peers in the monetization of generative AI, particularly within the IT sector [2]. - The company is part of a broader trend where AI-ecosystem holdings in IT and industrials are showing good results, suggesting a favorable market environment for its offerings [2].