ServiceNow Inc (NYSE:NOW) stock recently rallied from its April lows, but that recovery appears to be running out of steam near the declining 320-day moving average -- a trendline with historically bearish implications.
ServiceNow stock (NYSE: NOW) surged 7.4% on Monday as investors reconsidered one of the software sector's biggest fears: that artificial intelligence agents will make established enterprise applications less valuable. The stock closed at $142.35 on September 14, while the PHLX Semiconductor Index sank 5.9% after AI executives called for slower development of advanced models.
ServiceNow and Palantir both posted jaw-dropping AI numbers in Q2, but their business models represent radically different bets on how enterprise AI actually wins. One valuation makes the choice obvious.
ServiceNow (NYSE:NOW | NOW Price Prediction) stock is up 5% to $139.62 in early Monday trading, Adobe (NASDAQ:ADBE) stock is climbing 4% to $261.90, and Salesforce (NYSE:CRM) stock is rising 3% to $254.82.
ServiceNow said its AI products crossed $1 billion in annual contract value in the second quarter of 2026. Reaching $3 billion before 2029 implies about 55% annual growth.
In the most recent trading session, ServiceNow (NOW) closed at $132.53, indicating a +1.04% shift from the previous trading day.
ServiceNow NYSE: NOW President and Chief Financial Officer Gina Mastantuono said customer conversations are increasingly centered on deploying artificial intelligence at scale while maintaining security, governance and cost controls.
ServiceNow just crossed a billion dollars in AI revenue while its stock sits near multiyear lows, and the gap between those two realities points toward a very specific number for 2028.
ServiceNow NYSE: NOW outlined its approach to enterprise artificial intelligence, security and workflow automation during a discussion at the Goldman Sachs Communacopia Conference, with Bill McDermott emphasizing the company's focus on integrating AI agents, data and security controls on a common platform.
ServiceNow is positioned as a leader in agentic AI, with a broad product portfolio and deep enterprise integration. ServiceNow's agentic AI adoption is accelerating, with AI ACV surpassing $1 billion in Q2 and customer production deployments up 9x over nine months. Agentic AI revenue is projected to grow from $19.1M in 2026 to $343.9M by 2030, though this remains a small portion of total revenue as adoption is early-stage.
ServiceNow, Inc. (NOW) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript
ServiceNow, Inc. (NOW) Presents at Citi's 2026 Global TMT Conference Transcript