Reported 1 day ago
Sands Capital's Q1 2025 investor letter highlights ServiceNow, Inc. (NYSE:NOW) as a leading provider of enterprise workflow automation, despite recent stock declines due to uncertainty in U.S. federal spending. While NOW shares rose 7.58% in the past month and 40.52% over the past year, concerns over government revenue's impact on growth remain. The company's strong position in AI development is underscored by the 150% growth of its AI-enhanced Pro Plus upgrade. However, confidence in shorter-term AI stocks offers potential for greater returns.
Source: YAHOO