ServiceNow Stock Craters 19% In Week's Worst S&P 500 Showing

ServiceNow Inc. (NYSE:NOW) stock is on track for its worst week in a decade, tumbling 19% and cementing its spot as the S&P 500's worst performer over the period.

The slide marks NOW's steepest weekly drop since 2016 and represents a sharp reversal for a stock that investors had treated as a high‑quality way to play digital transformation and enterprise AI.

NOW stock is tanking. See the chart and price action here.

NOW Sells Off

The selloff has been driven by a sharp de‑rating of high‑multiple software companies amid worries that AI could compress pricing power across traditional SaaS.

Meta Platforms (NASDAQ:META) and Anthropic each announced new models and Michael Burry chimed in with more bearish commentary pointed at Palantir Technologies (NASDAQ:PLTR) specifically, but that could be applied to ...

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ServiceNow Stock Craters 19% In Week's Worst S&P 500 Showing

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