Wedbush added Salesforce (CRM) and ServiceNow (NOW) back to IVES AI 30, and noted that software sell-off is overdone.
Mostly due to AI-related fears of disruption, ServiceNow is currently trading at some of the lowest valuation multiples in its history. Learn more about NOW stock here.
Software and data stocks, from $111 bln ServiceNow to RELX, plunged on fears that chatbots can mimic their products. For the most part, valuations now imply measly growth, rather than destruction.
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