On June 15, ServiceNow rose 3.08% in pre-market trading, trading at $106.94/share, with turnover of $5.05 million. The stock had been under pressure from consecutive sessions of profit-taking following an 11%-plus single-day surge, and this rebound marks a potential stabilization point.

On the news front, IBM and ServiceNow recently announced an expanded strategic collaboration, combining IBM's AI, data governance, and automation capabilities with the ServiceNow AI platform. The partnership focuses 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. The multi-year initiative aims to eliminate critical barriers to enterprise AI adoption, including legacy infrastructure and fragmented data systems, enabling agentic AI at scale.

This fundamental catalyst provided support for the stock, which had been in a pullback phase after ServiceNow raised its Now Assist full-year revenue target from $10 billion to $15 billion at the JP Morgan investor conference. Simultaneously, the systems software sector saw broad improvement, with NEBIUS up 7.68%, Oracle up 2.57%, Microsoft up 2.19%, and CrowdStrike up 2.19%, reinforcing positive sentiment across the group.

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