ServiceNow stock price falls again as Wall Street redraws the AI winners list
ServiceNow shares fell 1.8% to $100.74 Friday, capping a volatile week for software stocks as investors debated AI’s impact on subscription software. The S&P 500 Software & Services index dropped 13% in a week, erasing over $800 billion in value. ServiceNow slid 12% this week, while hardware stocks tied to AI data centers held steadier. Investors are watching upcoming tech conference appearances for further signals.