Shares of ServiceNow (NOW) are dipping on Thursday despite the company posting first quarter results that show revenue increased 24% to $2.6 billion. However...
) are dipping on Thursday despite the company posting first quarter results that show revenue increased 24% to $2.6 billion. However, the company reported a sales growth forecast for the second quarter that was slightly softer than analysts had been expecting.
Mastantuono talks about the fervor over generative AI:"Every CEO and CFO I'm talking to is leaning into what gen AI can do for their business. IDC is talking about $11 trillion impact from gen AI over the next three years, and businesses spending half a trillion in US dollars on AI by 2027, and so we've been innovating on the platform with our gen AI SKUs.
The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions. ARK has long counted Tesla as one of its top holdings, but its more than 40% decline year-to-date has weighed heavily on the performance.Sign up for a free trial today!
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