Movement Alert｜ServiceNow Rises 3.16% in Pre-Market Trading, White House AI Summit and Super Intelligence Accord Fuel Momentum

Market Focus

Yesterday

On October 1, ServiceNow rose 3.16% in pre-market trading, trading at $138.34 per share, with turnover of $9.61 million, extending gains from the prior session's 3.07% advance.

The rally follows ServiceNow CEO Bill McDermott's participation in a White House AI summit hosted by President Donald Trump on September 29. McDermott joined leaders from Amazon, Palantir, and xAI in signing the White House Accord on \"Super Intelligence,\" establishing voluntary safety mechanisms and security frameworks for advanced AI deployments. Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg were also among expected attendees, underscoring the high-profile nature of the event and elevating market expectations for favorable AI policy developments.

The broader SaaS sector saw collective strength, with institutions noting AI application stocks are transitioning to a fundamentals-driven phase as model cost reductions and new enterprise agent scenarios accelerate demand. Within the Systems Software sector, Microsoft gained 1.12%, Oracle rose 1.53%, NEBIUS added 2.02%, and Palo Alto Networks climbed 0.62%. Analysts at BMO Capital and BTIG recently reiterated bullish ratings on ServiceNow, with price targets of $150 and $170, respectively.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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