To The Moon

The recent pullback in ServiceNow (NOW) has not changed my long-term conviction. Instead, it has given me another opportunity to continue dollar-cost averaging into a company that I believe remains one of the highest-quality software businesses in the AI era. While short-term market sentiment has turned more cautious toward enterprise software, I think the market is overlooking how deeply embedded ServiceNow has become in large organizations. When a company provides mission-critical workflows across IT, HR, customer service and operations, replacing it is neither easy nor economical.

Another reason I continue adding is ServiceNow's growing AI opportunity. Rather than simply talking about AI, the company is already integrating AI agents and generative AI across its platform to automate repetitive enterprise tasks and improve employee productivity. As more businesses look for measurable returns from their AI investments, I believe platforms that can directly reduce costs and improve efficiency will be among the biggest beneficiaries. ServiceNow is well positioned to capture that demand over the coming years.

The recent share price weakness also looks more like a valuation reset than a deterioration in business fundamentals. Revenue growth remains healthy, customer spending has been resilient, and the company continues to generate strong recurring subscription revenue and free cash flow. In my view, the current correction reflects broader market rotation and profit-taking rather than a structural change to the company's long-term outlook. That is exactly the type of environment where I prefer to accumulate gradually instead of trying to perfectly time the bottom.

For me, DCA has always been about building positions in exceptional companies when others become overly focused on short-term volatility. I am not expecting an immediate rebound, and I am comfortable if the stock experiences further weakness because it allows me to lower my average cost over time. As AI adoption accelerates and enterprises continue their digital transformation journey, I believe ServiceNow remains one of the companies with the potential to deliver durable long-term growth, which is why I continue adding during this round of pullback.

As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.   

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