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Oscar Cierpial

Trump Loaded Up on ServiceNow Stock at the Peak of SaaS-pocalypse Fears. What Comes Next for Software Stocks.

ServiceNow NOW Donald Trump Adobe Oracle ORCL Salesforce WDAY Workday

President Donald Trump's latest financial disclosure dropped last month, and one trade in particular is getting the retail-trader crowd talking. On Feb. 10, 2026, Trump bought between $1 million and $5 million of ServiceNow (NOW) stock — right as the software sector was getting steamrolled by fears that agentic AI would gut the per-seat SaaS business model.

NOW stock is down roughly 26% year-to-date (YTD). It's one of the worst-performing major names in enterprise software — and Trump appears to have stepped in to buy shares on a day the sector was deeply out of favor.

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