12 Trending AI Stocks on Latest News and Ratings

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3. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

ServiceNow, Inc. (NYSE:NOW) offers AI-powered workflow automation, incorporating machine learning, process mining, and robotic process automation for digital transformation.

On December 12, KeyBanc downgraded ServiceNow (NYSE:NOW) to Sector Weight from Overweight, citing concerns that the growing influence of Agents in the software sector could diminish ServiceNow’s early AI leadership. Additionally, potential cuts to government spending and high relative valuation amid limited upside to multiple expansions compared to peers led to the downgrade. The firm sees increased risks and reduced potential for further growth.

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