The stock market significantly dropped on Monday ahead of President Donald Trump’s tariff deadline. Tariffs on Canada and Mexico are set to be implemented on Tuesday midnight.
Overall, S&P 500 fell 1.8% to 5,850, while NASDAQ declined 2.6% to 18,350.
Tweet of the Day
Home and Hers $HIMS bought a Epithalon facility? And Epithalon is for anti aging? https://t.co/T6jvZXZu7y
— David Sharek (@GrowthStockGuy) February 23, 2025
Chart of the Day
Here is the one-year chart of ServiceNow (NOW) as of February 3, 2025, when the stock was at $1,021.
International Data Corporation (IDC) forecasts worldwide revenue for AI platform software will grow 40.6% a year through 2028. And for 2025 they forecast 46% growth in AI software spending. This is all great news for ServiceNow (NOW), which is already an AI leader with 1,000 customers in its AI journey. Here are four reasons why ServiceNow is a leader in AI software:
- ServiceNow combines AI agents, workflows, data management, and integrations in a single platform.
- It has thousands of AI agents, leveraging 20 years of automation, data and outcomes.
- ServiceNow AI orchestrator organizes and controls AI agents that enterprises will use from different vendors.
- ServiceNow has now incorporated consumption based pricing with AI agents to get faster adoption from its customers. So organizations can utilize ot “try out” AI agents, then ramp up spending when they see greater productivity.
NOW is a core holding in our Growth Portfolio.
