Why ServiceNow Stock Was Drifting Lower Today

Shares of ServiceNow (NYSE: NOW) were pulling back today, once again as part of a broader sell-off in the software industry in response to a new product from Anthropic, showing that the AI threat is alive and well. As of 12:08 p.m. ET, ServiceNow stock was down 4.4%, while the iShares Expanded Tech-Software ETF (NYSEMKT: IGV), which tracks the software-as-a-service (SaaS) sector, was down 4%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, ca ...