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NASDAQ:WDAY 3 January 2026 - 14 July 2026

ServiceNow stock slides as IBM budget warning turns July earnings into a core-growth test

ServiceNow stock slides as IBM budget warning turns July earnings into a core-growth test

ServiceNow Inc. fell 5.8% to $104.85 in early trading on Tuesday, erasing roughly $6.7 billion of market value, after International Business Machines Corp. warned that spending on AI servers and storage was squeezing software budgets. The move came even as the S&P 500 and Nasdaq opened higher. Investors are treating a hardware-spending shift as an immediate test of ServiceNow’s premium valuation.
Workday Inc. Sets May 21 Earnings Date: Why Its AI Bet Faces a Crucial Test

Workday Inc. Sets May 21 Earnings Date: Why Its AI Bet Faces a Crucial Test

Workday Inc. has set May 21 for its fiscal 2027 first-quarter earnings release, planning to drop numbers after the bell. Investors are watching to see how the software company’s subscription business—and new AI efforts—are holding up. The Pleasanton, California outfit scheduled a call for 1:30 p.m. Pacific to go through results and provide its outlook.
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