The stock market fell on Wednesday, one day before Thanksgiving, due to declines caused by technology stocks. S&P 500 dropped 0.4% to 5,999, while NASDAQ slid 0.6% to 19,060.
Tweet of the Day
Yes I think $SMCI is losing business due to its accounting issues. Also, money managers might want to sell the stock before the end of the year so it doesn't show up in year end holdings. https://t.co/TnA4LeHZRK
— David Sharek (@GrowthStockGuy) November 18, 2024
Chart of the Day
Here is the one-year chart of ServiceNow (NOW) as of October 30, 2024, when the stock was at $950.
In last quarter’s Earnings Call, ServiceNow expanded its GenAI capabilities by releasing its biggest GenAI release yet, Xanadu, which is part of the company’s AI service, Now Assist.
Xanadu is an advanced iteration of the Now Platform, integrating enhanced AI features to improve productivity. It includes over 100 new AI abilities and 350 net new innovations delivered through five million-plus engineering hours which supercharges the company’s AI service. One notable feature is that it allows companies to deploy autonomous AI agents that work with people, not just for them.
ServiceNow is one of the leaders in AI software as Now Assist has 44 customers spending more than $1 million per year.
NOW is a core holding in our Growth Portfolio and Aggressive Growth Portfolio.
