UBS downgraded ServiceNow from Buy to Neutral due to emerging budget constraints on non-AI software spending among enterprise customers. While ServiceNow remains a key IT asset system, growing interest in AI-driven lightweight workflow tools may reduce demand for some of its traditional workflows. UBS lowered its 2026 subscription revenue growth forecast to around 19% and cut its price target from $170 to $100, reflecting a more cautious outlook amid shifting enterprise spending priorities.
IBM reported it has struggled to keep up with a shift in corporate spending from software to data-center infrastructure, forecasting second-quarter earnings below analyst estimates. The company cited a significant reprioritization of capital expendit...
IBM shares dropped over 23% following its Q2 earnings report, which showed profits and revenue below analyst expectations. CEO Arvind Krishna highlighted that the company's mainframe business, particularly the Z series with AI capabilities, underperf...
Analyst Krzysztof Bogdanski initiates a Buy rating on ServiceNow, highlighting its attractive valuation at 26x forward earnings, robust subscription revenue growth of 21%, and a high 97% renewal rate. The company is accelerating AI monetization, with...
Micron reported impressive earnings and optimistic guidance, but its stock fell sharply due to concerns that its 86% gross margins and AI-driven memory price increases are unsustainable. The AI hardware sector, after rapid gains, is seeing profit-tak...
