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Number one is ServiceNow. The situation with ServiceNow is almost the same. Now, ServiceNow's situation is a little more uneven with this chart, isn't it ? But, it hit its lowest point at almost the same time that Nvidia's stock hit its lowest point, meaning as of 2026, it hit its lowest point at almost the same time that Nvidia hit its lowest point in 2025.

So, in this respect it reminds me a lot of that incident.

Bath at 0.92, ServiceNow at 153.92. Aya 1.53, I have an intention at. 0.9 , Axon 2.1. 2.19. What did you say about Intuit? I had already forgotten. I don't want to write it incorrectly and then get reprimanded.

0.9. You know, Snow is the anomaly here, isn't he ? So, Snow is the anomaly in this insane assessment. But it's strange because these companies are making really good money , and they're being punished either because of fear, lack of margins, or because people think the bubble is over.

The only thing I can guess is. You know, when we look at this graph we have here. There is a fear that this shift in programming may not last. So, you know, I think if I look at this, I still like my opinion, and my conclusion is that I still like software right now.

But at some point, devices will become ridiculously cheap , to the point that they will once again become the new opportunity. Hmm, not yet. Perhaps we need an " anthropic retreat".

Good. I mean , Dell is doing well, but you also have the risk of splitting, right? Also, with regard to devices, this is where the risks of division come from. We've talked before about the risk of splitting here, where AI and frontier inference growth slows, while low-margin institutional inference explodes.

This may be what the markets are trying to explore, I don't know. if . My opinion remains that the software is really interesting. Snowflakes are really expensive. At some point, hardware becomes more desirable, but software is great.

I still believe that reaching the bottom in the third and fourth quarters is still possible. And depressions like Balantir are exploitable. In my opinion.

I think Service Now is a like Salesforce. I like Salesforce a little bit better. Uh, because it, you know, some of the transitions we've seen in their margins compared to Service Now. But I don't think Service Now is bad.

So, Service Now, let's go throw them in here. I've got them at a fair value, although let me see what growth rate I have for them. I've got um average growth rate of 21%. That's reasonable, but I only have Why do I only have um I had a 14 peg.

That's low. Let me see why. That's got to be a margin story.

ServiceNow's management team has done incredible work in recent months in reducing investor fears that artificial intelligence will kill its business. For the full year in 2026, the company's guiding to revenue growth of 21% with operating profit margins approaching 32%.

This doesn't look like a business that's being killed by artificial intelligence. But is the stock a buy? Let's answer that question together by reviewing the company's longer term results, comparing it against its valuation, and determining an answer.

Also talk about what it means for ServiceNow. I know there's a lot of people own ServiceNow stock as well.

Next up here, let's talk Salesforce. Let's talk about how high this is going to go. Let's talk about what this means for ServiceNow stock and those sorts of things, okay?

Salesforce and ServiceNow are two of the best deals I found in the stock market. Um you know, really at the end of last year into the beginning of this year, right? And I added shares aggressively of these two stocks over the past six to nine months, right?