ServiceNow Shares Rise After Tech Mahindra AI Deal
Listen to the story
ServiceNow is a technology company. Its name is short for NOW. On Thursday, its stock price went up.
The rise happened after news about a deal with Tech Mahindra. Tech Mahindra is another technology company. The deal is about AI. AI means artificial intelligence, or smart computer programs.
People who buy and sell stocks are now talking about ServiceNow. They are asking: is the stock price fair? This is called a fair value question.
Some experts think ServiceNow could grow a lot because of AI. One report called the company a 'loaded rocket' for AI. This means it is ready to grow fast.
Many investors watch ServiceNow closely now. They want to know if the stock is a good buy at this price. The AI deal with Tech Mahindra is a big reason for this interest.
Vocabulary7 words
- stock
- a small part of a company that people can buy
- AI
- computer programs that can think and learn like people
- fair value
- the right price for something
- deal
- an agreement between two companies
- investor
- a person who buys stocks to make money
- technology company
- a business that makes computer products
- rocket
- here, it means something that grows very fast
Quiz
Answer key
1. It went up 2. Tech Mahindra 3. AI
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
ServiceNow is a _____ company. Its name is short for NOW. On Thursday, its stock price went _____.
The rise happened after news about a _____ with Tech Mahindra. Tech Mahindra is another technology company. The deal is about _____.
People who buy and sell stocks are now talking about ServiceNow. They are asking: is the stock price _____? This is called a fair value question.
Some experts think ServiceNow could grow a lot because of AI. One report called the company a '_____ rocket' for AI.
Many _____ watch ServiceNow closely now. They want to know if the stock is a good buy at this price.
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