ServiceNow Is a Top AI Stock, but Is It Really a Good Buy?

The cloud software company is cranking out 20%-plus growth like clockwork, but the stock has already priced in a lot of AI hype.In May 2023, cloud and artificial intelligence (AI) software provider ServiceNow (NOW 3.01%) laid out its roadmap for scaling its subscription business from $8.5 billion a year to over $15 billion by 2026. Since then, AI has gone from early hype to a legitimate driver of business growth. The problem is, ServiceNow stock has soared some 60% in the last 12 months, pricing in a large ...