On June 15, ServiceNow rose 3.69% in regular trading, trading at $106.01/share, with turnover of $916 million. The stock rebounded after consecutive sessions of profit-taking pullback, driven by a newly announced strategic partnership expansion with IBM.

On the news front, IBM and ServiceNow announced an expanded collaboration to help enterprises modernize legacy data and accelerate AI adoption across core business operations. The two companies will integrate IBM's AI, data governance, and automation capabilities with the ServiceNow AI platform, focusing on three key areas: application modernization, enterprise data governance, and autonomous infrastructure operations. Joint solutions are expected to reach the market in the second half of the year. This development provides fundamental support after ServiceNow had previously surged over 11% following its upward revision of Now Assist full-year revenue guidance from $1 billion to $1.5 billion at the JP Morgan investor conference, then entered a multi-day pullback phase.

Meanwhile, the Systems Software sector broadly recovered, with NEBIUS up 8.31%, Oracle up 4.77%, Microsoft up 1.86%, and Palo Alto Networks up 1.27%, as improved sector sentiment aided the rebound.

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