finance.yahoo.com

Claude AI sells ServiceNow and Inter & Co amid valuation concerns

Inter & Co logoInter & Co
Sig2.18Sen-1.78Env0.00Soc0.00Gov0.00
ServiceNow logoServiceNow
Sig2.80Sen+1.20Env0.00Soc0.00Gov0.00

Claude AI sold ServiceNow and Inter & Co, citing valuation and risk trade-offs. ServiceNow’s Q2 subscription revenue rose 25% year over year and beat guidance, but the stock was deemed too expensive. Inter added 1.3 million net new customers, yet cost of risk rose to 5.9% and bad-loan coverage fell from 146% to 134%, while nearly 70% of loans were secured.

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