10 Trending AI Stocks on Wall Street’s Radar

2. ServiceNow Inc. (NYSE: NOW)

Number of Hedge Fund Holders: 110

Founded in 2003, ServiceNow Inc. (NYSE:NOW) automates business workflows through cloud computing. Its product suite includes customer service management, HR service delivery, IT service management, and app engine low-code workflow apps.

According to a Bloomberg News report on March 10, the company is close to acquiring California-based AI company Moveworks, a deal that could become the company’s largest acquisition to date. A formal offer could be made public “as soon as the coming days,” with talks already at an advanced stage, people familiar with the matter told Bloomberg News. If negotiations proceed, the deal would value Moveworks at nearly $3 billion.