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ServiceNow (NOW): A Leader in the Monetization of Generative AI
Yahoo Financeยท 2025-09-18 12:42
Group 1 - ClearBridge Investments reported a strong rebound in U.S. equities during Q2 2025, with the S&P 500 Index returning 10.9% and the Russell 3000 Index advancing 11.0% due to improved risk sentiment following a pause in tariff implementation [1] - The ClearBridge Select Strategy outperformed its benchmark in Q2 2025, benefiting from effective portfolio construction across various companies and sectors with distinct growth drivers [1] - ServiceNow, Inc. (NYSE:NOW) was highlighted as a key stock, achieving an 8.37% return over one month and a 3.39% increase over the past 52 weeks, with a market capitalization of $197.68 billion as of September 17, 2025 [2][3] Group 2 - ServiceNow, Inc. is recognized as a leader in the IT sector for monetizing generative AI, targeting $1 billion in annual contract value from AI-related products by 2026 [3] - Despite its potential, ServiceNow, Inc. is not among the 30 most popular stocks among hedge funds, with 106 hedge fund portfolios holding its stock at the end of Q2 2025, unchanged from the previous quarter [3] - The company is noted for competing in the AI space, with some analysts suggesting that other AI stocks may offer greater upside potential and lower downside risk [3]