20 High Growth Mega Cap Stocks You Can Buy And Hold For Next 5 Years

4. ServiceNow, Inc. (NYSE:NOW) 

ServiceNow, Inc. is a cloud based solutions provider to online workflows. It operates an AI platform for robotic process automation, analytics, digital transformation machine learning, process mining, and low-code development tools. The company has grown its revenue by 26.04% over the last 5 years.

NOW has been a consistent performer for years but it has accelerated its growth by helping businesses organize and automate IT services. Its Now Assist feature, which allows companies to use AI to automate tasks, has grown 150% QoQ! This demand continues to increase and if the management’s word is anything to go by, there is still substantial upside left in the stock:

We are seeing strong demand from customers using AI Agents to assist human agents with complex cases, automate tasks like understanding intricate requests, crafting execution plans, and implementing them within third-party systems.

The firm is seeing the return on its AI capex internally as well. Its AI-supported workflows have improved employee efficiency by 20% across multiple departments with AI Agents helping reduce customer support responses from an average of 4 days to 8 seconds. This type of exponential improvement sets up the company well for future growth as AI Agents start going mainstream.