Why ServiceNow Stock Crushed it on Thursday
Yahoo Finance ·
Enough investors were eager to own ServiceNow ( NOW +1.03% ) stock on Thursday to push the stock to a 1% gain. Much of this was due to a new partnership announced between the company and a top global electronics conglomerate. That morning, Hitachi Digital Services announced that it's teaming with ServiceNow on a new, cutting-edge product. Hitachi wrote in a press release that the two companies will offer Hitachi Intelligent Infrastructure Monitoring (HIIM). It described this artificial intelligence (AI) -based product as a "solution that provides real-time monitoring and remote inspection while enabling a coordinated response across complex operations environments." HIIM pairs with the ServiceNow platform, making it available to existing (and presumably future) clients of the American tech company.
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