finance
ServiceNow Shares Rise Over 40 Percent in May
ServiceNow stock increased more than 40 percent during May. The gain led a broader advance among enterprise software companies.
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ServiceNow shares gained over 40 percent this month, leading an industrywide relief rally among enterprise software companies. MarketWatch reported the advance as the largest monthly gain for the company in recent periods.
The increase occurred alongside similar moves by other enterprise software firms. MarketWatch attributed the movement to reduced concerns over artificial intelligence in the sector.
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