Mostly due to AI-related fears of disruption, ServiceNow is currently trading at some of the lowest valuation multiples in its history. Learn more about NOW stock here.
Wedbush added Salesforce (CRM) and ServiceNow (NOW) back to IVES AI 30, and noted that software sell-off is overdone.
Software and data stocks, from $111 bln ServiceNow to RELX, plunged on fears that chatbots can mimic their products. For the most part, valuations now imply measly growth, rather than destruction.
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