We recently compiled a list of the 10 Stocks Gaining Momentum From Key Collaborations. In this article, we are going to take a look at where EPAM Systems, Inc. (NYSE:EPAM) stands against the other stocks.

The US stock indices are decreasing as investors try to make sense of mixed earnings reports from banks. Donald Trump's Treasury choice is being grilled by the Senate on tariffs, Fed independence, and tax cuts. LA wildfires are coming under control, though high winds continue to make things uncertain in the region. Amidst all this, it is business as usual for many companies. From tech companies to automotive, every firm is collaborating with others in the industry to add more value for its customers. Some of these partnerships relate to the improvement of services while others act as value additions to both businesses, such as Microsoft and Pearson plc's partnership on improving education and training.

We compiled a list of 10 stocks that are either surging on such collaborations or have the potential to outperform the market based on business improvements through these collaborations. To come up with our list of 10 stocks that are gaining momentum from key collaborations, we only considered stocks with a market cap of at least $1 billion.

A close-up of a coder at a computer, coding away to bring the latest software service to life.

EPAM Systems, Inc. (NYSE:EPAM)

EPAM Systems, Inc. (NYSE:EPAM) is a global software development and digital transformation services provider. Google Cloud is a combination of cloud computing services provided by Alphabet, offering a wide range of services including networking, applications, and storage services. EPAM is strengthening its collaboration with Google Cloud to address industry challenges faced by its clients.

This improved partnership will help clients gain business outcomes through data analysis, generative AI, and legacy modernization powered by Google Cloud. According to the company, this strategic partnership will enable them to deliver high-valued and repeatable solutions for customers.

Right after the partnership news broke, EPAM’s share prices showed a significant rise. Although share price went back to the same level it was at before the news, the stock is likely to attract investors going forward.

Overall EPAM ranks 4th on our list of the stocks that are gaining momentum from key collaborations. While we acknowledge the potential of EPAM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as EPAM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article was originally published at Insider Monkey.