NOWServiceNow Inc

revenue up 18%, operating income up 20%, Azure still strong but the whole software sector is getting absolutely wrecked like AI is about to kill every existing business

$CRM $NOW $ADBE all bleeding while the broader market looks fine

the valuation is finally starting to look more normal but momentum is nonexistent

is this a buying opportunity or does software have further to fall first?

$MSFT $HUBS $CRM $NOW are all getting crushed over AI fears but every analyst says AI actually helps these companies long term

is the market just being irrational rn? because if the fears are genuinely overblown this looks like a pretty rare opportunity across the board

what's the actual bear case here is there a real reason to stay away or is this just panic selling that eventually corrects itself

I've mostly been focused on Al names and semis, but seeing $NOW jump 10% after earnings/news has me wondering if the market is starting to reward software again.

For the last few years it felt like SaaS was dead money compared to chips and infrastructure plays. Now companies like ServiceNow seem to be putting up strong numbers and getting premium valuations again.

Do you think we're entering another multi-year SaaS run, or is this just a temporary rotation while Al spending works its way through the system?

I went through the Q1 financial disclosure and i genuinely don't know how to feel about
new positions include $NVDA, $AVGO, $NOW, $ORCL, $ADBE,  Dell, $INTC, Texas Instruments. $AMZN, $META and $MSFT got trimmed. somewhere between $220M and $750M in total moves across like 3,600 transactions.
the Dell thing is what i can't shake. opens a $1–5M position in February. then a few months later he's at a White House event literally hyping Dell hardware on camera. Intel gets loaded up right around the time the government steps in with a stake. i'm not calling it a smoking gun but if someone at a hedge fund had this pattern in their filing they'd be done.
so i'm genuinely asking......Is anyone actually interested in it????

i've been following how ServiceNow is scaling their automation lately and that 4.9% jump today really caught my eye. it seems like $NOW is finding a lot of success bringing generative AI into IT departments. are any of you seeing these updates being rolled out in your own offices?

Not gonna lie, $NOW looks kinda tempting here.

Growth still looks strong, cash flow’s improving, backlog is huge… overall the business seems pretty solid.

But then all this SaaS slowdown talk got me second guessing it a bit.

Feels like one of those “looks obvious but maybe isn’t” situations.

Am I overthinking this or is there actually something I’m missing here?

Been trying to understand what’s going on with $NOW after earnings. They beat, raised guidance, and still dropped around 15%, which feels confusing at first. Seems like the market is reacting more to short-term issues like delayed deals, margin pressure, and that Armis-related leverage. But at the same time, retention is strong and their shift away from seat-based pricing could actually be a big move long term, especially with AI changing SaaS.

Is this just short-term noise, or is the market seeing something bigger that’s being missed?

it looks like ServiceNow is exploring a $7 billion deal to bring Armis on board. i'm curious if this move for $NOW will set off a new wave of tech acquisitions this year.

$NOW dropped like 18% today and in total about 50% last year. is this something to put a position in? seems like two biggest threats are 1. war and 2. ai replace SaaS. a lot of people (like NVIDIA CEO) says the concern for these fields are overblown. is this company extremely undervalued? i think this could be an incredible buy. it out did expectations by a decent amount as well in earning. i think the biggest problem is will this company still be needed, or could it be a trade as it'll grow in value by the end of the war?