Why ServiceNow Stock Is Soaring Today
Shares of ServiceNow Inc. (NYSE: NOW) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up as much as 5.6% earlier in the day. The rise comes as the S&P 500 is up 0.2% and the Nasdaq Composite is up 1%.The artificial intelligence (AI)-driven cloud computing and automation provider announced a major acquisition to bolster its AI capabilities.ServiceNow announced it would acquire Moveworks, a business automation company for $2.85 billion in cash and stock. The deal aims to enhance ServiceNow's own automation offerings and help the company compete in agentic AI -- AI that can perform tasks with some level of autonomy.Continue reading
Shares of ServiceNow Inc. (NYSE: NOW) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up as much as 5.6% earlier in the day. The rise comes as the S&P 500 is up 0.2% and the Nasdaq Composite is up 1%.
The artificial intelligence (AI)-driven cloud computing and automation provider announced a major acquisition to bolster its AI capabilities.
ServiceNow announced it would acquire Moveworks, a business automation company for $2.85 billion in cash and stock. The deal aims to enhance ServiceNow's own automation offerings and help the company compete in agentic AI -- AI that can perform tasks with some level of autonomy.
