Puru Saxena: ServiceNow AI deployments up ninefold, valuation remains attractive

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23.07.2026

Puru Saxena: ServiceNow AI deployments up ninefold, valuation remains attractive — ServiceNow AI deployments soar, guidance raised

Puru Saxena, investment commentator and ex-fund manager at FinTwit, highlights that ServiceNow's Q2 operating results challenge the bearish argument about AI disrupting its business.

According to Saxena, agentic deployments of ServiceNow AI have increased ninefold in nine months and the company has raised its full-year revenue guidance. Saxena notes that the valuation is still seen as attractive.

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Saxena previously noted a marked shift from bullish to bearish sentiment among investors in AI stocks, with many expecting further downside, in recent commentary. Earlier, he analyzed a sharp 9 percent drop in the KOSPI that triggered a trading halt, citing losses in memory stocks despite MU’s results in another report. The observations add context to Saxena’s ongoing coverage of market reactions to technology and AI themes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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