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ServiceNow is laying off nearly 300 employees across its Silicon Valley offices. The cuts are tied to a company wide shift toward AI focused roles and operational efficiency. Management plans to keep overall headcount flat while reshaping the workforce toward AI enabled skills. ServiceNow, listed as NYSE:NOW, is making this workforce change while its stock trades at $111.23. The shares are up 12.6% over the past week and 5.1% over the past month, against a backdrop of weaker performance...

Silicon Valley tech company ServiceNow has laid off almost 300 jobs.

ServiceNow stock has fallen 40.8% over the past year, yet the valuation checks still lean expensive rather than cheap, which raises questions about how much of the recent AI and cybersecurity story is already reflected in the price. Over the last 12 months the share price declined 40.8%, which suggests a lot of optimism has already unwound even as the business continues to attract attention around its AI platform and security offerings. Partnerships and product expansion around the...

Crude tumbled as geopolitical tensions eased, while semiconductor losses dragged the Nasdaq lower, today, July 27, 2026.

The Claude Portfolio X account runs a simulated portfolio managed by AI. ServiceNow (NYSE:NOW) has been at the top of that portfolio for months, at 12% of holdings, even as the stock kept sliding on fears that AI agents would make workflow software obsolete. The account never sold. Its reasoning: deployment and trust matter more […]

US equity markets were tracking in the red before the opening bell Thursday and oil prices rose amid

The main US stock measures were pointing lower in Wednesday's premarket activity as investors await

Earlier this week, Morgan Stanley started coverage of ServiceNow with an ‘Overweight’ rating.

Investing.com -- Morgan Stanley has pushed back against negative investor sentiment toward the software sector, telling investors in a note on Tuesday that the market has become "too negative on the group" and naming eight Overweight-rated companies best positioned for the AI era.

Big Blue had been riding high. Not only did fewer companies buy the actual mainframe hardware, they also bought less of the high-margin software required for tasks like banking and credit-card payments.

Big Blue had been riding high. Not only did fewer companies buy the actual mainframe hardware, they also bought less of the high-margin software required for tasks like banking and credit-card payments.

NOW stock has delivered a steep 76.0% decline over the past five years, yet current valuation checks still flag the shares as expensive rather than a clear bargain. The 76.0% fall over five years leaves long term holders with sizeable losses, which raises the question of whether the recent share price now better reflects the company’s fundamentals or still embeds too much optimism. Future revenue and cash flow expectations can help support the current price if they are met. However, any...

ServiceNow's share price has fallen sharply over the past year, yet the stock still screens as expensive on broad valuation checks, which leaves investors weighing a steep drawdown against a market that is not treating it as a clear bargain. The stock is down 45.8% over the past 12 months, a move that has reset expectations but not erased concerns about what investors are paying for future growth. Ongoing investment in ServiceNow's AI platform and partnerships, such as new integrations...

IBM's dismal preliminary results put a company-specific face on a larger change: Software and chip stocks are no longer moving in anything close to lockstep.

IBM lost nearly a quarter of its market value on Tuesday after the stock suffered its steepest single-day decline since the company went public nearly 60 years ago.

IBM Miss Rattles Wall Street, Sending Tech Stocks Sharply Lower

IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft

IBM stock is having one of its worst days ever – and is dragging some other names in software and IT along with it. Shares of software and professional-services firms including Accenture, Gartner, Workday and ServiceNow were all trading lower Tuesday morning.

IBM shares tumbled Tuesday after the software giant posted preliminary results for the second quarter that disappointed.

Software stocks were hammered after IBM preannounced weaker-than-expected Q2 financial results. Shares in IT services firms also fell.

IBM just logged its worst single-session collapse in nearly four decades, and the shockwaves are already hitting Microsoft, ServiceNow, and the broader software sector in ways that raise an uncomfortable question about where enterprise spending is actually going.

Tech stocks faced downward pressure Tuesday as disappointing preliminary results from IBM (NYSE:IBM) rippled across the sector, pulling shares of major software companies lower. Following IBM’s update, investors reacted sharply to the cooling sentiment in the broader software space: Accenture (NYSE:ACN): Fell 8% ServiceNow (NYSE:NOW): Dropped 6% Workday (NASDAQ:WDAY): Declined 5% Salesforce (NYSE:CRM): Slipped 5% The decline is rooted in a fundamental shift in enterprise capital expenditure (cap

Investors reassess AI spending as software sentiment improves and semiconductor momentum weakens despite strong long-term growth expectations.

Palantir Slides Despite AI Momentum as Risk-Off Mood Grips Markets

Shares in software companies are among the biggest losers in premarket trading: Salesforce (CRM), IBM (IBM) and ServiceNow (NOW) are down around 4.5% Adobe (ADBE) and Workday (WDAY) fall over 3% ...

KeyBanc downgraded Salesforce on views its AI strategy isn't jelling. Salesforce stock stumbled on the news as other software companies also retreated.

The market is worried about its future.

(Bloomberg) -- The dominant tech trade of 2026 — buy chip stocks and sell software — is showing signs of falling apart.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Second Straight DayGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaSoftware stocks are coming to life afte

The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.43%. September E-mini S&P futures (ESU26 ) are down -0.25%, and September E-mini Nasdaq futures...

It comes on the heels of a surge the month before.