LTEG Stocks👀

Some insights on $NOW from the Jefferies Conference today. ServiceNow is changing Now Assist from just AI summarization into an agentic system that can run full tasks end to end. They built the AI Control Tower to handle security and compliance for AI agents. They launched 20 different AI specialists that act like human workers in support and HR roles. They changed their pricing to three levels named Foundation, Advanced, and Autonomous. They are putting AI features into every level of their products instead of only selling it as a premium add-on. They use their existing CMDB platform to find, track, and manage AI agents across the enterprise. The AI Control Tower connects with agents made by other companies including $CRM and $WDAY. They created Action Fabric so outside AI agents can call into ServiceNow to complete tasks. They bought Moveworks to create a single conversational interface for voice and multimodal use. Their post-breach cybersecurity business is now worth more than $1B and is growing quickly. They bought Armis to track and secure physical devices, medical equipment, and factory floor AI within their database. They bought Veza to manage non-human identities and secure what AI agents are allowed to access. They bought Logik ai to improve their software for configuration, pricing, and quoting workflows. They rebuilt RaptorDB to handle both transactional and analytical data. The premium version called RaptorDB Pro works 17x faster than the standard version. RaptorDB Pro made $100M in new contract value during its first four quarters on the market. Their Workflow Data Fabric software connects to 300 different data systems. Workflow Data Fabric lets customers analyze data from $SNOW, Databricks, and BigQuery without moving the files. Management expects the data analytics and Workflow Data Fabric business to grow to over $1B and their CRM customer service business is already worth a couple of billion dollars and is growing very fast. ServiceNow has a base revenue target of $30B for the year 2030. The four main growth areas to hit this goal are AI tools, security, data analytics, and customer service software.

🚨Trump bought a million dollars worth of Nvidia stock. One week later, he made a chip deal with China that sent the stock surging.

SOFTBANK HAS QUIETLY BUILT A ~$65 BILLION BET ON OPENAI, AND THE MARKET THINKS IT'S ABOUT TO PAY OFF The stock hit a record high, up 40% in five days. The trigger: Reports that OpenAI is preparing to file for an IPO in the coming days. SoftBank's power unit, SB Energy, also plans to confidentially file for a US IPO. SoftBank's commitment of close to $65 billion would give it a roughly 13% stake in the ChatGPT maker by October. The move was big enough that, excluding treasury shares, SoftBank just passed Toyota, Japan's most valuable company, for the first time since 2000. One analyst's caution, per Bloomberg: "Right now the stock is moving purely based on expectation."