ServiceNow shares surged following the launch of new AI-powered security services developed with Accenture, addressing faster threat cycles and rising data breach costs. Despite a 50% drop over the past year, the stock shows short-term strength above key moving averages, with analysts upgrading their ratings and raising price targets. The next major event is the July 22 earnings report, with revenue expected to grow but EPS forecasted to decline. Investors watch key resistance at $111 and support near $85.50 for trend direction.
Software stocks are becoming more attractive as investors move capital away from semiconductors, which face reduced demand due to inefficient AI token usage and cost worries. This shift benefits established software companies with strong fundamentals...
Jim Cramer advises investors to use the recent market rotation as a chance to sell underperforming stocks at a premium and buy leading winners at a discount. He highlights Meta, Micron, and AMD as top picks, noting strong demand in semiconductors and...
