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Why ServiceNow Stock Was Gaining Today

Why ServiceNow Stock Was Gaining Today

Shares of ServiceNow (NYSE: NOW) were moving higher today as investors continued to react positively to yesterday's analyst day conference. The cloud software stock also seemed to benefit from the broader gains in the market as investors cheered news that the debt ceiling standoff could soon come to an end. ServiceNow made several high-profile announcements yesterday that seemed to delight investors, spending much of the event talking up its investments in artificial intelligence (AI).