Posted 3/26/2024, 8:38:37 PM
ServiceNow Rides AI Wave to 81% Stock Surge, Sets Sights on Custom Industry Models
- ServiceNow stock has advanced 81% over the past 12 months as it rides the wave of corporate interest in generative AI
- ServiceNow expects to have an edge in building industry-specific generative AI models using customers' proprietary data
- ServiceNow will host its annual Knowledge 2024 customer conference May 7-9 with an investor day to discuss financial targets
- Under CEO Bill McDermott, ServiceNow continues to make small acquisitions to boost its AI capabilities
- ServiceNow recently reported Q4 results that topped estimates, with EPS up 36% and revenue up 26%