Ed Ludlow

We spoke to the CEO.

Other software names having a very hard time of it today.

And one of them is ServiceNow.

In fact, Bill McDermott, the CEO of that company, used to be the CEO of SAP.

Check out the shares.

Off by 11.5%.

This stock trades at the lowest since October 2023.

The market remains skeptical.

The company's AI strategies, even after it gave strong sales outlook for the current quarter.

Just take a listen to what he told us earlier.

I'm going to nitpick here.

When will analysts start saying, okay, revenue will grow not at 19% for fiscal 26, but at a 21% that you just delivered for fiscal 2025?

When will it look out that we'll still see more than 20% growth or an acceleration in revenue growth based on how much you're working with AI to hasten the business?

That was Bill McDermott, CEO of ServiceNow, two software CEOs, saying AI has made everything better, yet both their stocks are down pretty severely.

Now, Apple shares are down about 10% since their high in December, making them by far the worst performer among the Magnificent Seven.

The iPhone maker is due to report earnings that include holiday season results and insight into the impact of memory prices.

Let's get to Bloomberg's Mark Gurman, the man who brings all the reporting on Apple and leads our consumer tech team.

China is going to be a spotlight, right?

I think let's start there and we'll get to memory prices because I read the preview and some of the third party data.

I look back at what you wrote last quarter.