10 AI News That Broke The Internet

3. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

ServiceNow, Inc. (NYSE:NOW), a cloud-based, AI-driven platform, enables enterprises to automate multiple management workflows. On December 7, Bank of America highlighted a couple of buy-rated stocks, stating that they are a “must-own” heading into the final weeks of 2024. One of these stocks is ServiceNow, Inc. (NYSE:NOW), which the firm has reiterated as a “Buy” and a top pick. According to the firm, the company’s growth businesses are firing on all cylinders. The company’s application suite, built on the Now Platform, integrates AI capabilities to enhance workflow automation and user experiences.

“ServiceNow application suite drove another solid beat and raise quarter. … .What is impressive is that incremental growth is also coming from the newer customer and employee workflow offerings delivering sustainable growth in key growth segments. This suggests ServiceNow has made the right investment in categories that are resonating with customers today and over the longer term.”