NOW Stock Has Rebounded Over 54% — Why ServiceNow’s Rally Could Have Further Room to Run The recent rebound of ServiceNow (NOW) stock has been a welcome respite from the gloom that had settled over the enterprise software sector in the first half of this year.
The 54% surge in share price reflects not only the company's own fortunes but also a shift in investor sentiment towards AI powered software vendors.
Concerns about AI agents disrupting traditional software companies like ServiceNow drove the initial sell off, but these concerns were largely overblown.