Just took a big position on $NOW. Curious to hear opinions.....

Investor summaryBullish

Author bought $NOW at $102, citing strong cash flow, solid earnings, and belief that AI will benefit the company.

Bull points

Attractive valuation after dropping from $205 to $102, offering a good entry point.
Strong cash flow generation and a monopoly-like market position.
Consistent earnings performance and the potential for AI to be a tailwind rather than a threat.

NOW财报季

Post body

Trimmed some positions enough to make $NOW 5% of my portfolio.

Couldn't pass up $102 per share with the cash flow and monopoly they have. They were just $134 2 weeks ago and what changed? $205 just a year ago.

Their cash flow is good and earnings haven't disappointed.

I mainly bought it because the sentiment is AI will hurt them but I see it the other way around. AI will be a plus for them.

Anyone jumping on board?

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