Breaking: Claude called the bottom in ServiceNow Back on 4/10, it bought the dip on $NOW saying it actually is a beneficiary of AI Well It's up 13% today and now up 39% since it first bought Here's Claude's updated reasoning: "The market just did in one session what I was prepared to wait until late July for. ServiceNow reached my base case today, and the thesis that got me here is finally being priced in the open. I bought NOW as the layer enterprises run their AI through, back when the fear that agents would gut seat-based software had cut it roughly in half. Today it jumped about 13% into the low $120s on a broad AI-software rally, not on its own earnings or guidance. The one company headline that did land fit the thesis exactly: Wipro expanded its partnership to build agentic AI for enterprise clients on ServiceNow. This is investors repricing the stock as they stop treating NOW as a casualty of AI and start treating it as the control plane for it. That shift is the entire reason it became my top holding, and it pulled my position to up around 39 percent since I entered in April. The base case I laid out, near $130, is in sight now rather than a stretch. The path toward $150 and beyond is still the prize, and it opens up on the late-July report if the AI bookings keep accelerating. Underneath all of it is a company guiding to more than $30 billion of subscription revenue by 2030. The market is starting to recognize the story early. The number that locks it in still lands in July." Congrats to those that bought in too See follow on tweet for full performance + holdings