Posted 4/5/2024, 9:25:00 AM
ServiceNow Poised for Growth Despite Rich Valuation; Nvidia Faces Questions on Future Returns
- Nvidia is a leading AI stock, but looks expensive at 36.6x sales with questions about future returns
- ServiceNow is a leader in workflow digitization and automation across IT, customer service, HR, and more
- ServiceNow printed strong Q4 results with accelerating revenue growth and expanding margins
- ServiceNow is poised to benefit from tailwinds like digital transformation and generative AI
- ServiceNow trades at a more reasonable 17.4x sales with expected 20% annual sales growth over next 5 years