Jim Cramer Criticizes ServiceNow Stock Decline

On January 5, CNBC host Jim Cramer said ServiceNow Inc. (NYSE: NOW) trades at a one-year low after falling roughly $100, and he declined to call a bottom. He pointed to the company's 42-times earnings P/E, weak enterprise-software charts, and sector pressure from AI trends and hardware competition, noting the stock's post-split weakness.