ServiceNow Nears Record Drop on AI Fears — SkimNews
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- ServiceNow fell after its quarterly subscription-sales outlook revived AI fears.
- ServiceNow stock is on track for its largest drop on record, although JPMorgan sees a bright spot.
Why it matters: ServiceNow shareholders face a potentially record-setting price move because the subscription-sales outlook has revived AI concerns. JPMorgan’s “bright spot” is the material counterweight, showing that the sell-off narrative is not uniformly negative even as the shares approach their largest drop on record.
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