$NOW

ServiceNow is acquiring Israeli startup Sweep for approximately $400 million, according to Geektime. Sweep develops technology to help enterprises manage complex systems and workflows. The company connects to platforms like Salesforce and Snowflake, and employs around 90 people. This is ServiceNow's latest acquisition in Israel, following recent deals for Pyramid Analytics, Traceloop, and ai.work.

Australia's infrastructure department awarded Accenture a $38.8M contract to replace SAP ECC6 with Workday and ServiceNow by mid-2029, with an extension option. The move aligns with Australia's cloud-default policy, pushing agencies to adopt cloud services. Workday will handle finance and HR, while ServiceNow manages service management and workflow.

ServiceNow (NOW), Atlassian (TEAM), and Duolingo (DUOL) hit 52-week lows despite a broader market rally. NOW fell 3.1% to $97.47, down 60% from its peak. TEAM dropped 2% to $63.62, while DUOL declined 5.4% to $91.06, down 82% from its peak. Analysts cite weak checks and reduced price targets for NOW, while DUOL's strategy shift may pressure revenue. Retail sentiment for NOW turned bullish, but TEAM remains bearish.

This week, cybersecurity threats focused on AI infrastructure, software supply chains, and enterprise vulnerabilities. PaperCut, ServiceNow, and NVIDIA patched critical flaws. Attacks targeted AI agents, development tools, and browser sessions. International disruptions and arrests highlighted coordinated responses to cyber threats.

US stocks rose 1%+ on Thursday as Fed Governor Waller's remarks eased rate hike fears. Nasdaq led gains, boosted by AI-related megacap stocks. Nvidia gained 1.8% on a $12.9B acquisition, while Broadcom dropped 2.7% on weak forecasts. Snowflake surged 16.6% after strong revenue guidance. Crypto-linked stocks rose with bitcoin's rebound.

Wall Street rose after Fed's Waller suggested a rate hold if inflation cools. Traders reduced rate hike bets, but inflation concerns persist. Broadcom fell 4.9% on weak revenue forecast, while Snowflake surged 20.14% on strong outlook. Crypto-linked stocks gained as bitcoin rebounded. U.S. services sector activity picked up in August, and job data is awaited.

Shares of Guidewire Software, HubSpot, CrowdStrike, ServiceNow, and Dynatrace rose as software stocks gained momentum following a decline in Treasury yields and Snowflake's strong earnings report. Snowflake's revenue grew 35% YoY to $1.55B, boosting investor sentiment in enterprise software. ServiceNow's shares are volatile, down 1.6% YTD but up 6% on the day.

Palantir (PLTR) rose 7% after expanding its PwC alliance, countering Michael Burry's short thesis. ServiceNow (NOW) and Salesforce (CRM) also gained 5% and 3%, respectively, as enterprise AI momentum broadened. Palantir's Q2 revenue grew 93% YoY to $1.935B, and it raised its full-year outlook to $8.15B. Burry cited concerns over accounts receivable and customer concentration.

ServiceNow (NOW) stock rose 6.1% to $145.08 in morning trading, driven by a recovering enterprise software sector and recent analyst upgrades. Bank of America raised its price target to $150, while Wells Fargo increased it to $175. The company's AI annual contract value is expected to cross $1 billion in Q2 2026. The broader market and sector sentiment also contributed to the rally.

ServiceNow (NOW) has partnered with Aramco Digital to deploy its AI Platform across Aramco's global ecosystem, aiming to standardize digital workflows. This collaboration could expand NOW's AI, automation, and ERP modernization opportunities, potentially strengthening its position against Salesforce (CRM) and Microsoft (MSFT). ServiceNow reported strong AI adoption metrics, with annual contract value surpassing $1 billion and subscription revenues up 24.5% year over year. However, NOW faces inte