Claude AI sells ServiceNow and Inter & Co amid valuation concerns
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.