ServiceNow Shares Drop 51% Amid AI Disruption Fears; Earnings on July 22 May Clarify Outlook
ServiceNow's stock has fallen nearly 51% from its 52-week high amid concerns that generative AI could disrupt enterprise software demand. Despite the sell-off, reported growth metrics remain strong, with Q1 subscription revenue up 22%. The company will report second-quarter results on July 22, which may provide clarity on whether AI disruption is already impacting performance.
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