美股异动丨Q4业绩超预期，ServiceNow仍一度跌超11%，创逾八年新低

Core Viewpoint - ServiceNow's stock experienced a significant decline, dropping over 11% to a low of $115.01, marking an eight-year low, despite reporting strong fourth-quarter subscription revenue growth and earnings that exceeded market expectations [1] Financial Performance - In Q4, ServiceNow's subscription revenue grew by 21% year-over-year to $3.47 billion [1] - The adjusted earnings per share (EPS) was reported at $0.92, surpassing market forecasts [1] - The number of customers with annual contract values exceeding $5 million increased from 553 to 603 compared to the previous quarter [1] Market Sentiment - Investor concerns are rising regarding the impact of generative AI on the industry, which may threaten ServiceNow's market position [1] - Analyst Matthew Hedberg from RBC Capital Markets noted that despite the financial results being in line with or better than expectations, the stock price decline was unexpected, indicating a significant divergence in market valuation logic for the software industry [1]