The $NOW bull case is AI agents. CEO Bill McDermott says enterprises won’t build their own AI agents because it can cost 5x–10x more than running them on ServiceNow. ServiceNow wants to be the control layer for any agent, any workflow, any model — and 50% of net new business is already non-seat-based. If AI agents become the enterprise standard, $NOW could be one of the biggest winners. 🚀
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