Significant ETF Inflows: MGK, NFLX, COST, NOW
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
0mins
Source: NASDAQ.COM
Stock Performance: MGK's share price is currently at $415.24, with a 52-week low of $262.655 and a high of $426.795, indicating a strong performance within its trading range.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, allowing investors to buy and sell "units" that can be created or destroyed based on demand, impacting the underlying assets.
Monitoring ETF Flows: Weekly analysis of shares outstanding helps identify ETFs with significant inflows or outflows, which can influence the buying or selling of their underlying holdings.
Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
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Analyst Views on NOW
Wall Street analysts forecast NOW stock price to rise
32 Analyst Rating
30 Buy
2 Hold
0 Sell
Strong Buy
Current: 99.920
Low
172.00
Averages
222.81
High
263.00
Current: 99.920
Low
172.00
Averages
222.81
High
263.00
About NOW
ServiceNow, Inc. provides an artificial intelligence (AI) platform for business transformation. The Company’s AI platform connects people, processes, data, and devices to increase productivity and maximize business outcomes. Its intelligent platform, the Now Platform, is a cloud-based solution that helps enterprises and organizations across public and private sectors digitize workflows. The workflow applications built on the Now Platform are organized into four primary areas: Technology, CRM and Industry, Core Business and Creator. Its products include IT Service Management, IT Operations Management, HR Service Delivery, ServiceNow AI Agents, AI Experience, Build Agent, ServiceNow AI Control Tower, AI Agent Fabric, RaptorDB, Workflow Data Fabric, Workplace Service Delivery, ServiceNow Platform Encryption, Telecommunications Service Operations Management, and others. The Company also offers identity security, helping organizations secure access across the enterprise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analyzing the AI Competition Between Oracle and ServiceNow
- Oracle Financial Performance: For the fiscal year ending May 31, 2025, Oracle reported revenue of $57.4 billion, an 8% increase year-over-year, with a net income of $12.4 billion and a net margin of 21.7%, while projecting sales to soar to $67 billion in fiscal 2026, indicating a steady growth trend.
- ServiceNow Growth Momentum: ServiceNow achieved revenue of $13.3 billion in fiscal 2025, reflecting a 21% year-over-year growth, with a net income of approximately $1.7 billion and a net margin of 13.2%, and continued this trend into the first quarter of 2026 with a 22% sales increase, demonstrating strong market demand for its AI offerings.
- Risks and Competition: Oracle faces fierce competition from Microsoft and Amazon, necessitating continuous investment to maintain its market position while managing complex supply chain risks; ServiceNow must navigate innovation pressures from larger software vendors and ethical compliance challenges related to AI technology.
- Valuation Comparison: While ServiceNow's lower P/E and P/S ratios suggest a more attractive pricing, Oracle is still viewed as a more compelling investment due to its strong customer demand and historical success, especially under the leadership of its new co-CEOs.
See More
Wall Street Rises with Strong Tech Stock Performance
- Strong Market Rally: Futures indicate an up day for Wall Street as the S&P 500 and Nasdaq hit record highs, driven by AI-related stocks like Micron, which surged 19% and surpassed a $1 trillion market cap, reflecting robust demand for AI chips.
- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
- SK Hynix Joins the $1 Trillion Club: South Korean memory giant SK Hynix also crossed the $1 trillion market cap threshold in today's trading, underscoring the strong growth in the global memory market and the increasing demand driven by the AI era.
- Upgrades for FedEx and Danaher: JPMorgan upgraded FedEx from hold to buy with a price target raised to $460, citing attractive risk/reward ahead of its freight unit separation; meanwhile, Citi reinstated Danaher with a buy rating and a $230 price target, reflecting optimism in the bioprocessing sector.
See More
ServiceNow Stock Continues to Decline
- Stock Performance: ServiceNow's stock has been declining as of the afternoon trading prices on May 24, 2026, indicating market concerns about its future performance, which could negatively impact investor confidence and the company's ability to raise capital.
- Market Reaction: The recent drop in stock price may prompt investors to reassess ServiceNow's market position in cloud computing and IT service management, potentially affecting long-term growth expectations.
- Financial Impact: With the decline in stock price, ServiceNow may face higher capital costs, which could hinder its future investment and expansion plans, especially in a highly competitive market environment.
- Strategic Adjustments: The company needs to implement effective strategic measures to restore market confidence, such as enhancing product innovation and customer service to improve competitiveness in response to current market challenges.
See More
ServiceNow Stock Decline Analysis Amid AI Trillionaire Debate
- Stock Performance Decline: ServiceNow's stock has been on a downward trend in recent months, indicating market concerns regarding its growth potential, particularly in the competitive AI landscape.
- Lack of Investment Recommendations: The Motley Fool's analyst team has excluded ServiceNow from their list of the 10 best stocks, suggesting a lack of confidence in its investment value, which may affect investor buying decisions.
- Market Comparison Analysis: With Stock Advisor's average return of 986% compared to the S&P 500's 208%, ServiceNow appears to be at a relative disadvantage in investors' minds, potentially leading to capital outflows.
- Potential Alternative Choices: The 10 stocks highlighted by analysts are believed to offer significant returns in the coming years, and ServiceNow's absence from this list may prompt investors to seek more attractive investment opportunities.
See More
Analysis of Investment Opportunities in AI Stocks
- Qualcomm's AI Market Entry: Qualcomm (QCOM) unveiled its AI200 and AI250 chip accelerators in October, marking its entry into the AI data center processing market, and while it hasn't dethroned Nvidia yet, securing at least one hyperscaler customer indicates strong demand for cost-effective solutions.
- Dell's AI Infrastructure: Dell (DELL) is establishing the physical infrastructure necessary for AI through its AI Factory, with AI-optimized server sales contributing $9 billion to last quarter's $33.4 billion revenue, and a record backlog of $43 billion suggests significant future growth potential.
- ServiceNow's Competitive Edge: ServiceNow (NOW) reported a 19% year-over-year revenue increase and an 11% rise in operating income, despite its stock halving since July, analysts rate it a strong buy with a consensus price target of $140.63, indicating a 40% upside from current levels.
- Future Growth in AI Sector: Precedence Research forecasts that the global edge AI market will grow at an average annual rate exceeding 20% through 2035, positioning Qualcomm to capture a significant share of this rapidly expanding market due to its technological advancements.
See More
Qualcomm Enters Data Center Processing Market
- New Market Opportunity: Qualcomm officially enters the AI data center processing market with the launch of its AI200 and AI250 accelerator cards, having secured at least one hyperscaler customer, indicating its potential in the rapidly growing AI sector despite not yet dethroning Nvidia.
- Edge Computing Outlook: CEO Amon emphasizes that the biggest opportunity in 2026 lies in edge computing, with global edge AI industry projected to grow at an average annual rate exceeding 20%, suggesting Qualcomm's strategic positioning could yield significant market share.
- Dell AI Factory Growth: Dell's AI Factory aids companies in establishing the necessary physical infrastructure for AI, with AI-optimized server sales contributing only $9 billion to last quarter's total revenue, yet the $64 billion in orders and a record backlog of $43 billion indicate strong growth potential.
- ServiceNow's Market Performance: Although ServiceNow's stock has dropped over 50% since July, its revenue grew 19% year-over-year and operating income increased by 11%, showcasing its competitive edge in AI applications and IT service management, with analysts largely rating it a strong buy.
See More
Analyzing the AI Competition Between Oracle and ServiceNow
- Oracle Financial Performance: For the fiscal year ending May 31, 2025, Oracle reported revenue of $57.4 billion, an 8% increase year-over-year, with a net income of $12.4 billion and a net margin of 21.7%, while projecting sales to soar to $67 billion in fiscal 2026, indicating a steady growth trend.
- ServiceNow Growth Momentum: ServiceNow achieved revenue of $13.3 billion in fiscal 2025, reflecting a 21% year-over-year growth, with a net income of approximately $1.7 billion and a net margin of 13.2%, and continued this trend into the first quarter of 2026 with a 22% sales increase, demonstrating strong market demand for its AI offerings.
- Risks and Competition: Oracle faces fierce competition from Microsoft and Amazon, necessitating continuous investment to maintain its market position while managing complex supply chain risks; ServiceNow must navigate innovation pressures from larger software vendors and ethical compliance challenges related to AI technology.
- Valuation Comparison: While ServiceNow's lower P/E and P/S ratios suggest a more attractive pricing, Oracle is still viewed as a more compelling investment due to its strong customer demand and historical success, especially under the leadership of its new co-CEOs.
See More
Wall Street Rises with Strong Tech Stock Performance
- Strong Market Rally: Futures indicate an up day for Wall Street as the S&P 500 and Nasdaq hit record highs, driven by AI-related stocks like Micron, which surged 19% and surpassed a $1 trillion market cap, reflecting robust demand for AI chips.
- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
- SK Hynix Joins the $1 Trillion Club: South Korean memory giant SK Hynix also crossed the $1 trillion market cap threshold in today's trading, underscoring the strong growth in the global memory market and the increasing demand driven by the AI era.
- Upgrades for FedEx and Danaher: JPMorgan upgraded FedEx from hold to buy with a price target raised to $460, citing attractive risk/reward ahead of its freight unit separation; meanwhile, Citi reinstated Danaher with a buy rating and a $230 price target, reflecting optimism in the bioprocessing sector.
See More
ServiceNow Stock Continues to Decline
- Stock Performance: ServiceNow's stock has been declining as of the afternoon trading prices on May 24, 2026, indicating market concerns about its future performance, which could negatively impact investor confidence and the company's ability to raise capital.
- Market Reaction: The recent drop in stock price may prompt investors to reassess ServiceNow's market position in cloud computing and IT service management, potentially affecting long-term growth expectations.
- Financial Impact: With the decline in stock price, ServiceNow may face higher capital costs, which could hinder its future investment and expansion plans, especially in a highly competitive market environment.
- Strategic Adjustments: The company needs to implement effective strategic measures to restore market confidence, such as enhancing product innovation and customer service to improve competitiveness in response to current market challenges.
See More
ServiceNow Stock Decline Analysis Amid AI Trillionaire Debate
- Stock Performance Decline: ServiceNow's stock has been on a downward trend in recent months, indicating market concerns regarding its growth potential, particularly in the competitive AI landscape.
- Lack of Investment Recommendations: The Motley Fool's analyst team has excluded ServiceNow from their list of the 10 best stocks, suggesting a lack of confidence in its investment value, which may affect investor buying decisions.
- Market Comparison Analysis: With Stock Advisor's average return of 986% compared to the S&P 500's 208%, ServiceNow appears to be at a relative disadvantage in investors' minds, potentially leading to capital outflows.
- Potential Alternative Choices: The 10 stocks highlighted by analysts are believed to offer significant returns in the coming years, and ServiceNow's absence from this list may prompt investors to seek more attractive investment opportunities.
See More
Analysis of Investment Opportunities in AI Stocks
- Qualcomm's AI Market Entry: Qualcomm (QCOM) unveiled its AI200 and AI250 chip accelerators in October, marking its entry into the AI data center processing market, and while it hasn't dethroned Nvidia yet, securing at least one hyperscaler customer indicates strong demand for cost-effective solutions.
- Dell's AI Infrastructure: Dell (DELL) is establishing the physical infrastructure necessary for AI through its AI Factory, with AI-optimized server sales contributing $9 billion to last quarter's $33.4 billion revenue, and a record backlog of $43 billion suggests significant future growth potential.
- ServiceNow's Competitive Edge: ServiceNow (NOW) reported a 19% year-over-year revenue increase and an 11% rise in operating income, despite its stock halving since July, analysts rate it a strong buy with a consensus price target of $140.63, indicating a 40% upside from current levels.
- Future Growth in AI Sector: Precedence Research forecasts that the global edge AI market will grow at an average annual rate exceeding 20% through 2035, positioning Qualcomm to capture a significant share of this rapidly expanding market due to its technological advancements.
See More
Qualcomm Enters Data Center Processing Market
- New Market Opportunity: Qualcomm officially enters the AI data center processing market with the launch of its AI200 and AI250 accelerator cards, having secured at least one hyperscaler customer, indicating its potential in the rapidly growing AI sector despite not yet dethroning Nvidia.
- Edge Computing Outlook: CEO Amon emphasizes that the biggest opportunity in 2026 lies in edge computing, with global edge AI industry projected to grow at an average annual rate exceeding 20%, suggesting Qualcomm's strategic positioning could yield significant market share.
- Dell AI Factory Growth: Dell's AI Factory aids companies in establishing the necessary physical infrastructure for AI, with AI-optimized server sales contributing only $9 billion to last quarter's total revenue, yet the $64 billion in orders and a record backlog of $43 billion indicate strong growth potential.
- ServiceNow's Market Performance: Although ServiceNow's stock has dropped over 50% since July, its revenue grew 19% year-over-year and operating income increased by 11%, showcasing its competitive edge in AI applications and IT service management, with analysts largely rating it a strong buy.
See More
