Cognizant Technology Stock Could Be a Great Way to Profit from AI at a Discount

With artificial intelligence universally recognized as a paradigm-shattering innovation, it’s not surprising that several players in the sphere have enjoyed robust momentum. That’s especially the case now that it appears the world might not succumb to a global depression after all. However, the good vibes just haven’t reached Cognizant Technology Solutions (CTSH).

Perhaps the most obvious point is the technical damage. Since the start of the year, CTSH stock has lost roughly 50% of market value. Over the trailing one-year period, the red ink amounts to more than 45%. Unsurprisingly, this type of performance ignominiously earned Cognizant a Strong Sell rating from the Barchart Technical Opinion indicator.