Posted 3/14/2024, 10:08:00 PM
ServiceNow Soars on Strong Earnings and AI Partnerships, Nears All-Time High
- ServiceNow stock forming new base as it works back to all-time highs, up 28% since November breakout
- Expanding partnership with Nvidia on AI technologies, announces collaborations to build large language models
- Beat Q4 earnings estimates, raised 2024 guidance; CEO cites "new fuel" from generative AI
- Institutions piling into stock, mutual funds initiating or adding shares
- Best-possible 99 IBD Composite and EPS ratings