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Enterprise software stocks rally with ServiceNow up 4% on strong AI revenue and sector rebound.

Market News
01 Oct 2026
24/7 Wall Street
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Bullish
Enterprise software stocks rally with ServiceNow up 4% on strong AI revenue and sector rebound.

Enterprise software stocks led a tech market rebound, with ServiceNow rising 4% alongside Intuit and Adobe. ServiceNow stands out due to its AI products generating over $1 billion in annual contract value and a 98% renewal rate, indicating strong customer retention amid AI adoption debates. The sector's broad gains suggest renewed investor confidence in application software, but future momentum depends on continued outperformance of software ETFs and consistent earnings updates from key players like ServiceNow.

ServiceNow shares are up 4.17% at USD 139.60 on Pluang, showing strong investor interest despite being below its 52-week high of USD 189.26. Intuit is also gaining, rising 5.19% to USD 290.02, with all Pluang orders currently on the buy side. These figures reflect active trading as of Oct 01, 2026 20:41 WIB.

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