NOW - 1 Unstoppable Artificial Intelligence (AI) Stock to Buy Hand Over Fist in 2024
2024-02-04 13:25:00 ET
Artificial intelligence (AI) is captivating the investment community right now. Aside from the "Magnificent Seven" stocks, investors are seeking other opportunities that may provide similarly lucrative returns. However, with so many tech sector executives touting the term "AI" on their earnings calls or during media interviews, it can be challenging to discern which companies may actually be emerging as leaders in the space.
ServiceNow (NYSE: NOW) is a lesser-known name among AI businesses. The company specializes in automation solutions for information technology (IT) services and is quietly building a leading AI infrastructure. An analysis of the stock relative to its peers suggests that now would be a terrific time to scoop up shares.
ServiceNow is led by Bill McDermott, who was formerly the CEO of enterprise software provider SAP . Since taking the reins at ServiceNow in 2019, McDermott has consistently used a specific phrase to describe the company's disruptive agenda: digital transformation. But what exactly does that mean?
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1 Unstoppable Artificial Intelligence (AI) Stock to Buy Hand Over Fist in 2024