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ServiceNow Inc. (NYSE:NOW) is one of the 10 Stocks With Explosive Returns.

ServiceNow extended its winning streak to a third straight session on Friday, climbing 14.38 percent to close at $124.37 apiece, as investors continued to load up portfolios ahead of business announcements next week.

In a notice to investors, ServiceNow Inc. (NYSE:NOW) said that it would participate in three conferences on Wednesday, June 3, namely the Evercore TMT Global Conference, the William Blair 4t6h Annual Growth Stock Conference, and BofA Securities’ Global Technology Conference.

Photo by Alesia Kozik on Pexels

Investors are expected to watch out for the company’s business updates and outlook for the rest of the year.

Investor optimism was further supported by the strong adoption of its platform on Amazon Web Services, having surpassed $1 billion in transactions.

“ServiceNow’s $1 billion milestone reflects something larger than a commercial threshold. Enterprises are consolidating their AI infrastructure around platforms they trust, and increasingly, that means combining cloud and foundation model services with orchestration, governance, and workflow execution. ServiceNow’s platform expansion with AWS is a direct response to that demand: customers who have already committed to both platforms now have a single, connected architecture to deploy and scale AI,” ServiceNow Inc. (NYSE:NOW) said.

While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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