We recently published 10 Stock Titans With Massive Losses. ServiceNow Inc. (NYSE:NOW) was one of the worst performers on Thursday.

ServiceNow fell for a third straight day on Thursday, losing 9.94 percent to close at $116.73 apiece, as investors grew wary of AI threats to the broader software-as-a-service (SaaS) industry, overshadowing the company’s strong earnings performance in the fourth quarter of last year.

ServiceNow Inc. (NYSE:NOW) declined along with peers including SAP, Salesforce, Adobe and Datadog, among others, after JPMorgan expressed concern that advances in AI capabilities could challenge SaaS companies that sell subscription-based products.

He said the malaise in software sentiment persists, along with a seemingly paradoxical and vicious cycle of depressed valuations, with investor expectations maintained, if not rising.

Meanwhile, ServiceNow Inc. (NYSE:NOW) reported higher earnings in the fourth quarter of the year, with net income rising 4 percent to $401 million from $384 million in the same period a year earlier, lifting its full-year net profit 23 percent to $1.75 billion from $1.42 billion a year earlier.

Total revenue rose 21 percent to $3.57 billion from $2.96 billion, pushing its full-year figure up 21 percent to $13.3 billion from $10.98 billion year-over-year, and beating previous guidance.

For the first quarter, ServiceNow Inc. (NYSE:NOW) is looking for subscription revenue of $3.65 billion to $3.655 billion, or implied growth of 21.5 percent year-over-year.

For the full year, subscription revenue is forecast to reach between $15.53 billion and $15.57 billion, or an increase of 20.5% to 21% over 2025 levels.

While we recognize NOW’s potential as an investment, our conviction lies in the belief that some AI stocks are more promising to deliver higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also a big beneficiary of Trump’s tariffs and onshoring, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 30 stocks that should double in 3 years i 11 Hidden AI Stocks to Buy Right Now.

Disclosure: no. This article is originally published in Monkey Insider.