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ServiceNow (NOW) has had a difficult stretch in the market, with its stock under significant selling pressure. NOW stock is down about 40% since the start of the year and has fallen roughly 52% over the past twelve months and is hovering close to its 52-week low.
The significant selloff reflects growing concern about the impact of artificial intelligence (AI) on the broader software industry. Investors are increasingly wary that advances in agentic AI could reduce the reliance on traditional enterprise workflow solutions. These fears have weighed heavily on valuation multiples across the sector, and ServiceNow has not been spared.
