Quick Read – NOW jumped 6% on ServiceNow’s Q2 AI contract milestone, while CRM gained 4% after Salesforce landed a $1.6 billion Veterans Affairs Agentforce deal. – Oracle’s $7 billion Pentagon deal reinforces a government AI spending wave; this wave is helping to lift the IGV…
F, which holds both NOW and CRM as top positions. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Salesforce didn’t make the cut. Grab the names FREE today
Shares of ServiceNow (NYSE:NOW) are up 6% in Friday midday trading, changing hands at $97.36. Meanwhile, Salesforce (NYSE:CRM) stock is climbing 4% to $162.56 as a wave of federal AI deal flow lifts enterprise software after months of pain. The bounce comes off a brutal run.
ServiceNow stock is down 40% year to date (YTD), and Salesforce shares have shed 40.5% over the same span. Today’s session reads as an oversold rebound with two fresh, name-specific catalysts underneath it. Both companies sit at the center of a rotation from AI infrastructure names back into application-layer software, where AI is finally translating into recurring revenue rather than raw capex.