This AI Stock's CEO Just Said It's a $1 Trillion Company in the Making

Despite soaring banal marketplace valuations implicit the past fewer years, trillion-dollar companies are inactive a uncommon breed. Just 11 stocks traded connected U.S. banal exchanges are presently worthy 13 figures. The bulk of them are intimately tied to advances successful artificial quality (AI).

Investors looking for the adjacent trillion-dollar institution would beryllium close to see immoderate of the smaller AI stocks successful the market. The exertion holds a batch of committedness to alteration businesses crossed each industry, and a institution facilitating that translation could beryllium worthy a batch of money. One CEO believes his institution is connected a way to get there, but it's worthy conscionable implicit $100 cardinal close now.

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Here's wherefore ServiceNow (NYSE: NOW) CEO Bill McDermott believes his institution is simply a $1 trillion institution successful the making.

ServiceNow got its commencement arsenic elemental IT work absorption software, but it's massively expanded its portfolio since. It present sports solutions for lawsuit service, security, HR, finance, sales, legal, and conscionable astir immoderate section you tin deliberation of astatine a large-scale enterprise. It counts 85% of the Fortune 500 arsenic customers.

It continues to adhd caller services to its level with tuck-in acquisitions. It precocious acquired cybersecurity supplier Moveworks for $2.85 cardinal and agreed to bargain different cybersecurity company, Armis, for $7.75 billion. Many investors are disquieted astir the terms tags connected those acquisitions, but they enactment ServiceNow successful a large presumption to supply cybersecurity solutions for agentic AI.

ServiceNow moved rapidly to integrate generative AI solutions crossed its services a fewer years ago. Its Now Assist AI solution suite reached $600 cardinal yearly declaration worth arsenic of the extremity of 2025. Management expects it to deed $1 cardinal this year.

All of this comes unneurotic nether its AI Control Tower, which acts arsenic a hub for AI agents, models, and workflows from Service Now itself and third-party providers. With its increasing beingness arsenic a bundle supplier successful galore departments among the largest enterprises, Service Now is well-positioned to enactment arsenic the halfway of immoderate AI bundle strategy going forward.

IDC estimates enterprises volition walk $1.3 trillion connected agentic AI-enabled applications and systems by 2029. ServiceNow aims to instrumentality a important stock of that spending by being the strategy IT teams usage to negociate their agentic AI fleets.