ServiceNow Stock Slides: What's Happening Today?
ServiceNow Inc (NYSE:NOW) shares are declining Wednesday after a report detailing OpenAI's push deeper into enterprise software rattled investor confidence in legacy workflow automation platforms.
ServiceNow's stock price went down today because people got worried that OpenAI (the company behind ChatGPT) might compete in the same business. When investors worry a company might have tougher competition, they sometimes sell their stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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