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Artificial intelligence (AI) is reshaping industries, particularly in GenAI search, by enhancing real-time data access and creating personalized user experiences. Alphabet's (GOOGL) Google has long been the front-runner, setting benchmarks with its advanced search technology.
As AI changes the game, California-based software maker ServiceNow, Inc. (NOW) is looking to make its mark, too. After steadily building its AI search capabilities, ServiceNow made a major acquisition last week to boost its GenAI-powered search tech. Fresh off a solid Q2 report, Wall Street's enthusiasm for ServiceNow is palpable, with consensus projections calling for triple-digit earnings growth this year and significant upside in the stock price.
