NOW

Enterprise software names have snapped back over the past month as concerns that AI would erode seat-based revenue eased across the group.

Enterprise AI software stocks are running higher this morning as Palantir answers a fresh short call from Michael Burry with a broadened PwC alliance, and the reaction is spilling across enterprise software peers.

ServiceNow, Inc. has rebounded 64% from April lows, outperforming peers since May but remains 42% below all-time highs. NOW's Q2 results exceeded expectations in subscription revenue, cRPO growth, and AI adoption, with AI ACV surpassing $1B and net new AI ACV up 40% QoQ. However, the stock faces a key technical overhead resistance and the nature of its pullback will determine whether the rally since April is intact or not.

ServiceNow's Aramco Digital pact could expand AI workflow adoption across 50+ countries and sharpen its push against Salesforce and Microsoft.

Investors with an interest in Computers - IT Services stocks have likely encountered both Fujitsu Ltd. (FJTSY) and ServiceNow (NOW).

Last month, Microsoft's gaming division told its workforce it was cutting 3,200 jobs, which some say will have big ramifications for game development – as well as taking a huge personal toll

The management team has relieved some investor concerns in recent weeks.

ServiceNow and Salesforce both posted AI-fueled earnings and both claim the future of enterprise automation, but they are attacking the problem from opposite ends of the stack, and only one positioning survives when agentic consumption scales.

Intel stock is rising but software names such as ServiceNow trade lower. Energy stocks are jumping as oil prices rises after U.S. strikes against Iran.

ServiceNow stock has remained in a strong bull run this month, moving to its highest level since January this year. NOW has soared to $138, up by 70% from its lowest level this year.