Should You Hold ServiceNow (NOW)?

Core Insights - RiverPark Large Growth Fund reported strong performance in Q3 2025, with the S&P 500 Total Return Index rising 8.12% and the Russell 1000 Growth Index returning 10.51% [1] - The fund's return for the quarter was 4.73%, with market leadership concentrated among a few mega-cap tech and consumer companies driven by strong AI innovation [1] - Sector performance was led by Information Technology, Consumer Discretionary, and Communication Services, while Energy and Utilities lagged [1] Company Insights: ServiceNow, Inc. (NYSE:NOW) - ServiceNow, Inc. experienced a one-month return of -11.23% and a 52-week loss of 18.23%, closing at $835.79 per share with a market capitalization of $173.971 billion on November 17, 2025 [2] - The company faced challenges as investors shifted towards higher beta AI hardware and semiconductor stocks, leading to relative underperformance despite solid results and guidance [3] - ServiceNow's Q3 subscription revenues reached $3.299 billion, reflecting a 20.5% year-over-year growth in constant currency [4]