🔴 NOW is trading 4.1% down today amid rotation from high-valuation tech into cyclicals

NOW is trading 4.1% down at $89.93 as investors continue rotating out of higher-valuation tech and AI-related names into cyclicals and value sectors.

• No fresh, company-specific headlines or rating changes have been reported for ServiceNow today.
• The move appears tied to broader weakness in technology shares and recent volatility around AI and software valuations.
• The decline is driven by macro-sector shifts rather than a new company-specific catalyst.