ServiceNow Shares Rise 3.4% as Investors Rotate into Software Stocks

Industry
โดย Yahoo Finance·Read original
Summary · why it matters

ServiceNow shares rose 3.4% in afternoon trading as investors continued rotating out of high-flying semiconductor stocks into beaten-down software names. The iShares software ETF climbed roughly 7% over eight sessions while the semiconductor SOXX fell about 8.5%, with ServiceNow and Salesforce each gaining around 4%. The rotation was supported by DigitalOcean's blowout preliminary results, which showed remaining performance obligations exceeding $800 million, more than 10 times year-over-year, driven by multiple new nine-figure AI inference contracts. ServiceNow shares later cooled to $110.48, up 2.4% from the previous close, and remain 46.6% below their 52-week high of $207.00 from July 2025.

Impact on stocks 4

Artificial Intelligence▲ · 3 stocks
ServiceNow Inc
NOW
▲ PositiveCapitalrelevance

Benefiting from investor rotation from semiconductor stocks to software stocks, with iShares software ETF up ~7% in eight trading days

Cloud & Digital Infrastructure▲ · 1 stocks
DigitalOcean Holdings Inc
DOCN
▲ PositiveDemandrelevance

Strong preliminary results with remaining performance obligations exceeding $800 million, up over 10x YoY, driven by multiple nine-figure AI inference contracts

Theme Impact 3

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