24% Wipeout: ServiceNow's Worst Day Ever Cracks the AI Faith
ServiceNow shares plunged 24% after underwhelming third-quarter results, and the earnings revived fears about AI disruption.
ServiceNow shares plunged 24%, a fall that put the stock on course for its worst trading day ever.
The move followed underwhelming third-quarter results, and the earnings revived fears about AI disruption.
For many skeptics of the AI bandwagon, this looks like a blunt warning: when the results disappoint, the market can turn fast, and the confidence built around tech promises can crack.
Original reporting
CNBC
ServiceNow shares plunge 24% after earnings revive AI disruption fears
ServiceNow's stock headed its worst day ever on underwhelming third-quarter results.
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Facts this version was allowed to use
- ServiceNow
- ServiceNow shares plunged 24%.
- 24%
- ServiceNow's stock headed for its worst day ever.
- ServiceNow reported underwhelming third-quarter results.
- The earnings revived fears about AI disruption.
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