Michele Cesari @Mexploder: "𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐍𝐨𝐰: 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐰𝐫𝐨𝐧𝐠. For..."

Italy

𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐍𝐨𝐰: 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐰𝐫𝐨𝐧𝐠. For months, ServiceNow was treated by the market as a victim of AI: the dominant narrative claimed that artificial agents would replace workflow software, making platforms like $NOW (ServiceNow Inc) obsolete. The stock dropped over 60%. A brutal punishment, built on a thesis that turned out to be exactly backwards. Jensen Huang, CEO of $NVDA (NVIDIA Corporation) took the main stage at ServiceNow's Knowledge 2026 for the third consecutive year, receiving the loudest standing ovation in the room. He wasn't a partner showing up out of courtesy: Nvidia runs its own internal workflows on ServiceNow. Huang's message was clear: the biggest technological shift of a generation is already underway, and most companies are dangerously unprepared for it. Meanwhile, $BAC (Bank of America Corp) analysts published a call that helped fuel the rebound, arguing exactly the opposite of the bearish narrative: ServiceNow holds a "mission-critical" position inside large enterprises, its software manages IT, HR and customer service workflows that are deeply embedded and expensive to rip out and AI will likely make the platform more valuable, not less. The fundamentals support the thesis: Q1 2026 subscription revenues reached $3.67 billion, up 22% year over year. The stock has already rebounded 30% from its lows, and according to analyst consensus there is still significant room to run. I built the position during the drawdown because the thesis was intact: ServiceNow is not a software that AI threatens, it's the infrastructure through which AI is orchestrated and governed across the enterprise. Volatility created an opportunity, not a reason to exit. The market sometimes punishes before it understands. Then it corrects. Not financial advice. Always do your own research before investing.

Not investment advice. The author may have financial interests in the mentioned instruments.

3 Mentioned

NOW

ServiceNow Inc

NVDA

NVIDIA Corporation

BAC

Bank of America Corp

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