---
title: "ServiceNow leads software rally as bond yield spike pressures tech"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286944947.md"
description: "ServiceNow leads a surge in software stocks following a positive analyst rating and AI growth initiatives. Meanwhile, long-term bond yields have reached multi-decade highs, increasing borrowing costs and impacting high-growth tech valuations. Investors are transitioning from chipmakers to software companies amid ongoing market volatility driven by inflation, oil prices, and geopolitical risks."
datetime: "2026-05-19T16:27:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286944947.md)
  - [en](https://longbridge.com/en/news/286944947.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286944947.md)
---

# ServiceNow leads software rally as bond yield spike pressures tech

Software stocks surge: ServiceNow jumped after a bullish analyst rating and AI growth plans, leading a rebound in enterprise software names. Bond yields climb: Long-term yields hit multi-decade highs, raising borrowing costs and weighing on high-growth tech valuations. Market rotation underway: Investors are shifting from chipmakers to software firms as inflation, oil prices, and geopolitical risks keep markets volatile.

### Related Stocks

- [NOW.US](https://longbridge.com/en/quote/NOW.US.md)
- [XSW.US](https://longbridge.com/en/quote/XSW.US.md)
- [NOWL.US](https://longbridge.com/en/quote/NOWL.US.md)
- [IGV.US](https://longbridge.com/en/quote/IGV.US.md)

## Related News & Research

- [Bank of America Thinks ServiceNow (NOW) Stock Is an AI Winner – Here’s Why](https://longbridge.com/en/news/286943173.md)
- [ServiceNow, Experian Launch Multi-Year AI Automation Partnership](https://longbridge.com/en/news/286559188.md)
- [Rising Bond Yields Weigh on Stocks](https://longbridge.com/en/news/286939009.md)
- [Stocks Mixed as Crude Oil Prices and Bond Yields Fall](https://longbridge.com/en/news/286785122.md)
- [An inflation-fueled surge in bond yields is knocking stocks down from all-time highs](https://longbridge.com/en/news/286580430.md)