👥 HR & Workplace🇮🇳 India
Cognizant's Stock Hits Six-Year Low Even as It Outgrows Rivals — Here's Why
Mint·Thursday, 18 June 2026
Cognizant is growing faster than its biggest IT competitors, but its stock just dropped to a six-year low. The market is worried that AI tools from OpenAI and Anthropic could make traditional IT services firms obsolete. CEO Ravi Kumar S is reportedly attempting a radical shift toward a flatter, AI-first workforce.
Why It Matters
Cognizant employs hundreds of thousands of people in India. The fear driving its stock down — that AI replaces IT services jobs — is a concern for the entire Indian IT sector.
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