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NOW Broadens Aramco AI Footprint as CRM & MSFT Expand AI Ambitions

Zacks Investment Research·
NOW Broadens Aramco AI Footprint as CRM & MSFT Expand AI Ambitions

ServiceNow announced a collaboration with Aramco Digital to deploy its AI Platform across 50+ countries, with AI annual contract value exceeding $1 billion in Q2 2026. However, the company faces intensifying competition from Salesforce's Agentforce and Microsoft's enterprise AI ecosystem, while its stock trades at a premium valuation with a Zacks Rank #3 (Hold) rating.

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