🟢 NOW is trading 10.5% up today on Wipro AI partnership and broader software rally

ServiceNow is trading 10.5% up today at $120.11 following the announcement of a new AI partnership with Wipro and a broader rally across the enterprise software sector.

• The stock is extending a sharp multi-day rebound after recovering from sub-$100 levels recorded last week.
• Sentiment is being lifted by sympathy gains from Snowflake’s bullish outlook and AI compute deal, which is boosting the wider software peer group.
• The new collaboration with Wipro aims to accelerate AI-driven enterprise transformation, further fueling investor optimism in ServiceNow's AI capabilities.