In the latest trading session, Salesforce.com (CRM) closed at $191.06, marking a +0.62% move from the previous day.
At the time of writing, Apple, Microsoft, Alphabet, and Amazon are the only four U.S. companies with a market capitalization of $1 trillion or greater. Tesla is not far behind, with a market cap of $907 million. It goes without saying that these companies all had much smaller market caps not too long ago.
Rising interest rates drove many investors away from growth stocks over the past year. ServiceNow helps companies organize their unstructured work patterns into streamlined cloud-based workflows. Annual revenue grew from $1.4 billion in 2016 to $5.8 billion in 2021, representing a five-year compound annual growth rate (CAGR) of 33%.