$ServiceNow(NOW.US) is on track for its worst day ever, down 24% after earningsEarnings season just turned brutal for so…
$ServiceNow(NOW.US) is on track for its worst day ever, down 24% after earnings
Earnings season just turned brutal for software and AI names$ServiceNow(NOW.US) -24% after a Q3 profit miss, its biggest one-day drop on record$Fortinet(FTNT.US) -22% on slower product growth and a cut to its service revenue forecast$Sprouts Farmers(SFM.US) -20% after missing on sales and same-store sales$Marvell Tech(MRVL.US) -13% on reports it's in talks to buy $Lumentum(LITE.US)$Alphabet(GOOGL.US) -12% as negative free cash flow overshadowed the Cloud beat$Caterpillar(CAT.US) -8% even after beating on EPSOn the other side, $Norwegian Cruise(NCLH.US) +12%, $Eli Lilly(LLY.US) +7% on a huge beat, $Chipotle Mexican Grill(CMG.US) +7%, and $Doordash(DASH.US) +6% after agreeing to buy $Instacart（Maplebear）(CART.US)Beating the numbers isn't enough anymore. Investors want proof that AI spending turns into cash, and anything that looks like a slowdown is getting hit hardSource: StockMarket.News
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