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ServiceNow
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ServiceNow (NOW) sinks 24%
ServiceNow (NOW) fell 24% on Thursday October 29, heading for its worst day ever. Third-quarter revenue matched forecasts but offered no upside, which revived fears that AI will upend traditional software businesses. Investors also wanted a faster payoff from its new AI engineering team. Chuck Akre and Tony Wied both hold the stock long.
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ServiceNow Plunges 24% to Worst Day Ever as Q3 Shows No Upside and Revives "SaaSpocalypse" AI Disruption Fears for Software Stocks
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CNBC
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ServiceNow shares plunge 24% after earnings revive AI disruption fears