ServiceNow Shares Jump 10% Premarket, Extend 20% Weekly Gain on AI Demand
NOW•Shares of ServiceNow jumped 10% in premarket trading, extending a 20% gain over the past week following renewed investor interest. The rally was driven by Nvidia CEO Jensen Huang’s assertion that AI will spur demand for workflow automation platforms, while Salesforce climbed 5% and IBM rose nearly 10%.
1. Premarket Surge Extends Weekly Rally
ServiceNow shares rose 10% in premarket trading, building on a 20% rally over the past five trading sessions, marking one of the strongest weekly performances in months.
2. AI Demand as Growth Catalyst
Comments from Nvidia CEO Jensen Huang emphasizing that AI enhances rather than replaces software spurred investor optimism, positioning workflow automation platforms like ServiceNow as key beneficiaries.
3. Sector-Wide Upside Reflects Enterprise AI Adoption
The positive shift extended across the enterprise software sector, with Salesforce up 5% premarket and IBM climbing nearly 10%, underscoring broader confidence in AI-driven automation solutions.
