AI Disruption Concerns Hurt ServiceNow (NOW)

Group 1 - Emerald Wealth Partners' Focused Equity Strategy achieved a return of +13.8% (gross) and 13.2% (net) in 2025, with a 2.2% gain in Q4 [1] - The market experienced its third consecutive year of positive returns in 2025, driven by significant capital investments in AI infrastructure [1] - Macroeconomic surveys indicate the best outlook in five years, fueled by expectations of lower US Federal Reserve interest rates and increased investment in AI infrastructure, which could enhance corporate earnings growth [1] Group 2 - ServiceNow, Inc. (NYSE:NOW) was highlighted as a significant stock in the Focused Equity Strategy, with a market capitalization of $119.2 billion [2] - ServiceNow's stock closed at $112.97 per share on March 12, 2026, with a one-month return of 5.50% but a 52-week loss of 33.10% [2] - In 2025, ServiceNow was the second largest detractor in the strategy, with a stock decline of -27.7%, attributed to the shift from traditional enterprise software to AI-driven solutions [3]