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ServiceNow rebounds after AI selloff, breaks out above $133
ServiceNow (NOW) fell 65% on AI fears in April, hitting its worst day on April 23, but has not made a new low in six months. This week the stock broke out above the $133 base, closing near $156, indicating a potential trend reversal. Average buyers are now in profit and volatility has decreased. Analysts note the breakout could fail if the price falls below $133, but if it holds, upside potential remains as the stock is still about 30% below its highs near $230.