🔴 ServiceNow is trading 5.2% down today as AI infrastructure funding concerns hit software stocks

ServiceNow is trading 5.2% lower at MXN 2,600.00 as sector-wide concerns over financing the expensive AI infrastructure buildout weigh on software stocks.

• A report directly linked the financing concerns to pressure on ServiceNow and other enterprise software names.
• The decline follows ServiceNow’s 5.62% gain on October 15, when analysts raised price targets ahead of its October 28 results; the reported October 16 driver was sector-wide financing anxiety, not a new company-specific catalyst.