New York, Feb 5, 2026, 11:47 EST — Regular session

ServiceNow Inc shares fell about 3.7% to $106.97 in late-morning trade on Thursday, after touching $105.43, as another round of selling hit U.S. software names. The stock was down $4.10 from its previous close of $111.07.

The drop comes with the S&P 500 software and services group still nursing a six-session slide that has erased about $830 billion in market value since Jan. 28, a move tied to fears that fast-moving AI tools will undercut the industry’s subscription model. Software-as-a-service, or SaaS, is the approach where customers pay recurring fees rather than buying a perpetual license. (Reuters)

“The market is questioning if the earnings-compounding…