Key insights
- The post discusses the potential investment opportunity in ServiceNow (NOW) after a significant price drop. Concerns about the impact of war and AI on the SaaS industry are raised, but the author notes that some, like NVIDIA's CEO, believe these concerns are overblown. The author questions whether NOW is undervalued and whether its services will remain essential, or if it's merely a short-term trade dependent on geopolitical events. Overall, the sentiment leans cautiously bullish but acknowledges significant risks.
NOW dropped like 18% today and in total about 50% last year. is this something to put a position in? seems like two biggest threats are 1. war and 2. ai replace SaaS. a lot of people (like NVIDIA CEO) says the concern for these fields are overblown. is this company extremely undervalued? i think this could be an incredible buy. it out did expectations by a decent amount as well in earning. i think the biggest problem is will this company still be needed, or could it be a trade as it’ll grow in value by the end of the war?