Friday's midday bid across AI is concentrated in government-facing names, not enterprise software.

ServiceNow (NOW) reported earnings 30 days ago. What's next for the stock?

Cboe data suggests bullish flow in ServiceNow (NOW), with shares up 90c, or 0.7%, near $130.66. Options volume relatively light with 58k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.46. Implied volatility (IV30) is higher by 0.1 points near 52.41,and above the 52wk median, suggesting an expected daily move of $4.31. Put-call skew flattened, suggesting a modestly bullish tone.

Salesforce (NYSE:CRM | CRM Price Prediction) and ServiceNow (NYSE:NOW) both reported into a market rotating capital out of AI hardware and into the application layer.

On CNBC's “Halftime Report Final Trades,” Rob Sechan, CEO of NewEdge Wealth, picked ServiceNow, Inc. (NYSE:NOW).

ServiceNow has surged 50% since my last update, outperforming the benchmark's 8% rise. Despite NOW trading at a 31x forward P/E, a 35% sector premium, I view the valuation as justified. Multi-year catalysts in AI, cloud, and SaaS markets continue to support robust demand and revenue acceleration.

Bowie Capital Management LLC bought a new stake in ServiceNow, Inc. (NYSE: NOW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 233,502 shares of the information technology services provider's stock, valued at approximately $23,182,000. ServiceNow makes

B. Metzler seel. Sohn and Co. AG bought a new position in ServiceNow, Inc. (NYSE: NOW) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 92,987 shares of the information technology services provider's stock, valued at approximately $9,232,000. Several other institutional investors

This will focus on advancing AI projects for clients. The financial details of this expanded relationship weren't divulged.

ServiceNow, Inc. (NOW) is positioned as a major AI beneficiary, targeting $33B in FY2030 revenues. I expect net income margins to expand from 11% to 20%, driven by reduced SBC costs and savings through AI. My conservative base case projects 152% upside to $311/share by 2030, with a bull case of $412/share (244% upside).