ServiceNow Shares Plunge 23% Amid Subscription Growth and AI Disruption Fears

ServiceNow (NOW) shares have experienced a significant downturn, falling by 23.6% over the last 21 trading days. This sharp decline is primarily driven by renewed investor anxiety regarding the company's future subscription growth forecasts. Furthermore, the broader Software-as-a-Service (SaaS) sector is facing headwinds as market participants weigh the potential for artificial intelligence (AI) to disrupt traditional business models. Analysts suggest that the rapid integration of AI could fundamentally change how enterprise software services are delivered and monetized. The nearly 24% drop in less than a month highlights a major shift in market sentiment toward high-growth tech stocks. As a result, ServiceNow's performance is being closely watched as a bellwether for the wider enterprise software industry.