ServiceNow, Inc. (NYSE:NOW) is one of the 11 best 52-week low-tech stocks to buy now. On February 9, Wedbush added ServiceNow, Inc. (NYSE:NOW) rejoins its IVES AI 30 list after delisting it in December 2025. The company said the recent sell-off in software stocks was overdone. Analysts led by Dan Ives argued that the view that large software companies such as ServiceNow, Inc. (NYSE:NOW) being structural losers in the AI era is misleading.
Wedbush believes the AI revolution is still in its early stages and represents a long-term growth cycle that could unfold over a ten-year cycle. While AI could pose some challenges for software stocks in the near term, the company says the market is overestimating the risks.
Although shares of ServiceNow, Inc. (NYSE:NOW) were at the center of the recent sell-off, the analyst said they still believe the company is benefiting from the AI revolution. Analysts say the market is missing important aspects of the business and focusing too much on the short term.
ServiceNow, Inc. (NYSE:NOW) provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises. The company is based in Santa Clara, California, and was founded in June 2004 by Frederic B. Luddy.
While we recognize NOW’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best AI stocks for short term.
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Disclosure: None. This article was originally published on Insider monkey.
