On July 7, Cognizant rose 5.39% in regular trading, trading at $43.24/share with turnover of $55.85 million. The rally was driven by news that Alphabet's Google Cloud expanded its partnership with Cognizant, pairing Cognizant Frontier Certified Engineers with the rollout of Gemini Enterprise within client environments.

The collaboration aims to help clients maximize the value of their investments across the Google Cloud AI portfolio, leveraging Gemini Enterprise and Google Workspace solutions to accelerate enterprise-level AI adoption. Financial terms of the expanded partnership were not disclosed.

The announcement reinforces Cognizant's AI-first strategy, which has included the approximately $600 million acquisition of Astreya to bolster AI infrastructure capabilities and a $2 billion share repurchase program announced earlier this year. Within the IT Consulting & Other Services sector, the broader group showed strength, with Infosys up 4.69%, Accenture up 3.76%, and IBM up 1.09%.

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