Better Enterprise Software Stock: ServiceNow vs. Salesforce

Enterprise software is a hot ticket these days.

An equal-weighted portfolio of the 40 largest application software stocks rose 58% over the last year, leaving the S 500 (SNPINDEX: ^GSPC) far behind with a 33% return. These tech stocks trade at lofty valuation ratios as investors are betting on fantastic future growth. Artificial intelligence (AI) provided the original inspiration for this boom, disrupting the software industry at the drop of a ChatGPT-flavored hat.

Salesforce (NYSE: CRM) and ServiceNow (NYSE: NOW) are two of the leading names in enterprise software today. Both companies are leaning into the AI opportunity with promising results -- but which stock is the better buy today?

Source Fool.com