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Alibaba shares gained 0.5% to close at $133.26 on Monday while ServiceNow gained 8.8% to settle at $103.42 during the session.
Major U.S. indexes closed Monday mixed, with the Dow Jones Industrial Average gaining 0.32% to 49,686.12.
Nasdaq sinks 1.1% as AMAT, MU, ORCL and Vertiv crater on AI capex jitters, while WTI tops $106 and the 10-year yield hovers near 4.6% on stalled US-Iran talks.
TOYO shares rose 13.7% after beating earnings expectations. Other top gainers include JLHL, RAMP, HIVE, TE, AUTL, GENI, BRC, BIO, BL, RBLX, ZETA, and D.
Salesforce, facing AI-driven structural reset, receives Underperform rating from BofA analyst due to muted growth and competitive risks.
Editor’s note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.
B of A Securities analyst Tal Liani reinstates ServiceNow (NYSE:NOW) with a Buy and announces $130 price target.
ServiceNow (NOW) shares climb 2.7% in premarket trading. Get the latest technical levels, analyst targets, and AI growth outlook.