Why ServiceNow Stock Gained 9.9%on Friday
ServiceNow jumped nearly 10% on Friday while the broader market fell. Here's why.
Overview
ServiceNow (NYSE: NOW) gained 9.9% on Friday despite both the S&P 500 and the Nasdaq Composite finishing in the red.
Shares of the AI software-as-a-service (SaaS) operator got a lift from the announcement of an expanded partnership with HCLTech and Alphabet's Google, as well as a broader bounce in software stocks.
Details
On June 25, HCLTech -- the Indian IT giant -- announced an expanded partnership with Alphabet's Google Cloud and ServiceNow to put AI "agents" -- software that carries out tasks on its own -- into service.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.