5 Best Tech Stocks to Invest In on the Dip

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1. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 108

Stock Upside: 26.20%

Year-To-Date Performance: -30.17%

ServiceNow, Inc. (NYSE:NOW) is one of the best tech stocks to invest in on the dip. On May 28, ServiceNow, Inc. (NYSE:NOW) expanded its partnership with Wipro to deploy agentic AI workflows at scale across core enterprise functions. The move deepens a collaboration that the two companies first established in 2024.

For context, ServiceNow has been pushing what it calls the agentic enterprise, a model where AI autonomously initiates, orchestrates, and executes work across complex systems with minimal human intervention. According to the company, many organizations that want to adopt agentic enterprise face an execution gap, that is, AI investments sit in pilots and never reach the operational scale where they deliver measurable outcomes. Therefore, their coming together with Wipro is a strategy to position its AI platform as the governance and workflow backbone through which that gap gets closed.

The combined platform, which integrates Wipro’s unified suite of AI-powered enterprise solutions with the ServiceNow AI Platform, enables every AI-driven action organizations take to be traceable, accountable, and consistent with the enterprise’s governance rules. ServiceNow notes that this is the most important differentiator. According to Amit Zavery, ServiceNow’s President and CEO, their platform ensures that agentic AI runs inside governed workflows, which is fundamentally different from, and more trustworthy than, AI operating outside an enterprise’s control layer.

ServiceNow, Inc. (NYSE:NOW) is a software company. It provides cloud-based platforms for digital workflow automation, IT service management, customer service, and enterprise operations.

 

While we acknowledge the potential of NOW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NOW and that has 100x upside potential, check out our report about the cheapest AI stock.

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