What Investors Are Missing About ServiceNow

Software stocks have started to recover after last week’s disastrous sell-off, but hardly enough to reverse a rout that has plagued the sector since fears that AI would render its products irrelevant took root. Several big-name software stocks, including ServiceNow, Adobe and Workday, are now trading at their lowest valuations in a decade.

That presents buying opportunities for investors willing to make a bet on which software companies will survive the AI transition. Some see ServiceNow, a maker of software tools that help companies manage internal processes such as IT support and onboarding of new hires, as a good candidate.