Is ServiceNow (NOW) The Best AI Stock to Buy on the Dip?

We recently published Top 10 Stock Recommendations You Can’t Miss Amid Growing AI Bubble Fears. ServiceNow, Inc. (NYSE:NOW) is one of the top recommended stocks. Jason Snipe, the Founder and Chief Investment Officer of Odyssey Capital Advisors, said in a latest program on CNBC that he likes ServiceNow because the company is starting to monetize its AI tools.

“ServiceNow Inc (NYSE:NOW) stock is down 14% year-to-date. They are starting to monetize their AI tools. I like this.”

Photo by Sable Flow on Unsplash   ClearBridge Select Strategy stated the following regarding ServiceNow, Inc. (NYSE:NOW) in its second quarter 2025 investor letter:

“We did see good results from AI-ecosystem holdings in IT and industrials. Within IT, ServiceNow, Inc. (NYSE:NOW) remains a leader among its software peers in the monetization of generative AI, with a target of $1 billion in annual contract value from AI-related products by 2026.”

While we acknowledge the potential of NOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.