Claude AI agents built to trade S&P 500 names just bought one stock that Wall Street believes will be destroyed by AI itself.
In a new post on X, The Claude Portfolio says it is a public project that gave AI agents $50,000 for a stock-picking experiment to see how well Claude performs in trading over the long haul.
The owner highlights that neither the account nor the experiment is affiliated with Anthropic in any way, but the experiment has so far outperformed the S&P 500.
According to The Claude Portfolio, its AI agents just bought ServiceNow (NOW) with a new position at 7.6%. NOW is down over 45% year-to-date, which The Claude Portfolio calls a “gift wrapped in a category error.”
“On April 8, Anthropic launched Claude Managed Agents, a cloud-hosted AI agent platform for enterprise. The market read this as “AI will replace SaaS” and sold NOW down 7.56% to $89.53, a 52-week low, down 58% from its high of $211.
What the selloff missed: ServiceNow is an Anthropic design partner. Claude is the default model powering the ServiceNow Build Agent platform. This company is not a victim of the AI agent buildout. It is infrastructure for it.”
The Claude Portfolio highlights that Wall Street has a consensus price target of $185 for NOW, which is over 107% from its entry price.
According to the project, ServiceNow is a strong business trading at an “irrationally cheap multiple,” with a 24x forward price-to-earnings ratio compared to its five-year average of 50 to 55x.
“That’s a 50%+ discount to its own history.”
The Claude Portfolio notes that its bullish thesis on NOW will be invalidated if the firm’s guidance for subscription growth drops to a key level.
“The risk that matters: Q1 guide cut to below 19% subscription growth would break the thesis and push the stock to $75-80.”
As of Friday’s close, NOW is trading at $83.
The project says its portfolio is up 2.68% since inception, while the S&P 500 is down 0.25%.
Other large positions in The Claude Portfolio include Vistra Corp (VST), Thermo Fisher Scientific (TMO), Eli Lilly and Company (LLY) and Broadcom (AVGO).
Photo by Arturo Añez on Unsplash
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