ServiceNow Is Down 51% as Wall Street Bets AI Will Gut Its Business. July 22 Will Show Who's Right.
The software maker's own numbers keep contradicting the fear that crushed its stock.
Overview
The market has spent 2026 betting that generative artificial intelligence (AI) will hollow out enterprise software, and few large companies wear that bet more visibly than ServiceNow (NYSE: NOW). Shares trade near $103 as of this writing, down about 51% from their 52-week high of $210.20.
The sell-off has come even as the company's reported growth has barely wobbled.
Details
That sets up an unusually clean experiment. On Wednesday, July 22, after the market closes, ServiceNow reports second-quarter results. If the AI-disruption thesis is right, the damage should be starting to show up in the numbers by now. If it's wrong, the stock is trading at a steep discount for no good reason.
Source
Originally published at www.fool.com.