Flush With Nvidia Tech, Is ServiceNow a Buy?

Thanks to the viral success of OpenAI's ChatGPT, the world has awakened to the potential artificial intelligence (AI) has to make businesses more efficient. It's a timely turn of events, given that inflation and managing workforces remain hot topics in the corporate boardrooms of many companies.

But what about investors? The market seems to think the AI hype is the real deal, and any business working on AI (or simply invoking the phrase) is seeing positive stock movement.

Two cases in point: Nvidia (NASDAQ: NVDA) and ServiceNow (NYSE: NOW), which recently announced a new collaboration. Nvidia stock's meteoric rise was well documented this year, and a very solid case can be made that it rose too far too fast.

Source Fool.com