ServiceNow ($NOW) stock is moving lower despite a double beat. Are you buying the dip? Explain your reasoning in the comments.

Anthropic started all of this mess and investors who are clueless about AI just won't let it go. They came out earlier in the year saying their product is better than God and will overtake everything in the entire universe and investors gobbled it up like it was the first Thanksgiving. It's sad to see something so clearly illustrate the ignorance of investors while also hurting retail, which is what the market is trying to do right now. This is the correction everyone knew was coming except it's targeting retail (because, hey, they are an easy target) and using excuses like geopolitical problems. Those problems do absolutely nothing to the software sector but it's a good excuse to take retail's money, amirite?

it has a price forecast of $140 to $240....JUST buy and wait :)

as a NOW user and have implemented it in several Fed Gov Agencies i can tell you the AI Involved is incredible. From network troubleshooting to self healing capabilities and end user ticket automation, asset management , mobile device management, etc is something you don’t even see behind the scenes . What it has done to ensure uptimes for users doing their daily work etc. I will definitely buy at this cost

Beat on earnings and revenue, increased forward guide, and their AI ambitions are coming to fruition.

the geopolitical enviroment is very different and difficult to lean into now, with NOW and the best Quarter in a long time — NOW’s extraordinary financial and narrative beats in Software and bolted on AI, security and value proposition-bravo!!!. These uncertainties do affect my adding to my positions. Albeit, it changes daily because of tensions, and choppiness. Most concerning is the unbridled China AI competition without having the self inflicted strangle hold of a Trump war and artificial inflationary structural pressure to make matters a wait and see for me or partial add.

Loaded up on this bad boy - considered it an early birthday present to myself

Has Bill McDermont failed to deliver? No, he raised guidance and fucking delivered. ServiceNow just beat Q2 estimates with subscription revenue at $3.88 billion—up 24.5%—and hiked full-year guidance to $15.76–15.78 billion. That’s not a miss, that’s a beat-and-raise quarter while the stock was getting pounded on AI hype. McDermott’s out there calling it a “growth company” and reiterating the full-year guide with zero hesitation. If anything, the market’s the one failing to deliver on the narrative.

leave me alone buying SLS cancer drug approval soon, tomorrow new catalyst, ATH, FDA approval this year and buyout

fuck McDermott. He’s a complete douchebag. I hope his company goes negative