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MarketBeat
MarketBeat
Business
Thomas Hughes

ServiceNow: The 2nd Wave of AI Spending Is Here

ServiceNow NOW MarketBeat

ServiceNow’s (NYSE: NOW) Q2 results and guidance update are a wow moment for investors and an eye-opener for those waiting on AI’s second wave. The second wave, the rise of agentic services and the application of AI, is expected to be a larger, faster-growing, and longer-sustained rally than infrastructure, which has been a rocket-ship of gains for technology investors.

The takeaway today is that ServiceNow’s results outperformed guidance and analysts' consensus forecasts in all metrics. Guidance was improved to align with them, and the momentum indicates that outperformance is very likely. 

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