--- title: "U.S. stock market midday update: Cognizant Tech Solutions rises 11.04%, driven by dual benefits of AI collaboration and earnings guidance" type: "News" locale: "en" url: "https://longbridge.com/en/news/294239070.md" description: "Cognizant Tech Solutions rose 11.04%; Accenture rose 5.08%, with a transaction volume of USD 956 million; IBM rose 0.01%, with a transaction volume of USD 766 million; Infosys Technologies rose 1.17%, with a transaction volume of USD 158 million; Wipro rose 2.08%, with a market value of USD 20.5 billion" datetime: "2026-07-29T17:28:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294239070.md) - [en](https://longbridge.com/en/news/294239070.md) - [zh-HK](https://longbridge.com/zh-HK/news/294239070.md) --- # U.S. stock market midday update: Cognizant Tech Solutions rises 11.04%, driven by dual benefits of AI collaboration and earnings guidance **U.S. Stock Market Midday Update** Cognizant Tech Solutions rose 11.04%, with increased trading volume. Based on recent key news: 1. On July 27, Cognizant Tech Solutions reached a five-year strategic partnership with Andover Companies, aimed at modernizing and upgrading its core systems and portals, unifying data management, and laying the foundation for the application of artificial intelligence in underwriting and claims. This collaboration has enhanced market confidence in Cognizant's future growth, driving the stock price up. 2. On July 27, Anthropic announced an expanded collaboration with Cognizant Tech Solutions to integrate the Claude AI model into the enterprise systems built and operated by Cognizant. Following this announcement, Cognizant's stock price rose by 3.5% and continued to climb in the following days. 3. On July 29, Cognizant Tech Solutions released its second-quarter financial report, showing a year-on-year revenue growth of 4.5% and raised its full-year performance guidance. Strong financial performance and positive performance expectations further propelled the stock price upward. The overall industry is performing strongly, with broad prospects for AI applications. **Stocks with High Trading Volume in the Industry** Accenture rose 5.08%. Based on recent news: 1. On July 28, Wang Yijun, President of Accenture's Greater China Song Division, stated that companies must continuously stay close to market demands and establish human connections to win customer trust. This viewpoint emphasizes the deployment strategies companies should adopt in the face of new opportunities in agency-style business, boosting market confidence in Accenture and driving the stock price up. 2. On July 29, Accenture released its 2026 Consumer Survey, finding that as many as 85% of respondents in Hong Kong are willing to have agency-style AI shop on their behalf. This survey result indicates that agency-style AI is gradually influencing consumer decision-making, enhancing market recognition of Accenture's leadership in the AI field, and further driving the stock price up. 3. On July 28, Accenture and Radisson Hotel Group jointly launched a new AI-driven hotel exploration application. This collaboration showcases Accenture's innovative capabilities in AI technology applications, raising market expectations for its future growth potential and driving the stock price up. Agency-style AI influences consumer decision-making, boosting market confidence. IBM rose 0.01%, with increased trading volume. Based on recent key news: 1. On July 27, Circle acquired IBM's blockchain patent portfolio, driving IBM's stock price up. Circle rose nearly 3% in pre-market trading, while IBM's stock price increased by 1.6%. 2. On July 27, Goldman Sachs lowered IBM's target price to $270 while maintaining a buy rating. Goldman Sachs believes that IBM's lowered outlook reflects a re-prioritization of customer demand towards short-term server and hardware purchases. 3. On July 29, IBM announced that AI technology can reduce data breach costs, with companies using AI averaging breach costs of $5.5 million, compared to $8.91 million for those not using AI. Layoffs in the tech industry are occurring alongside AI investments Infosys Technologies rose by 1.17%. Based on recent key news: 4. On July 28, Infosys Technologies was listed in the U.S. as a foreign private issuer and submitted Form 20-F and Form 6-K reports. This move increased investor confidence in the company's transparency, driving the stock price up. 5. On July 29, technical sentiment signals showed a strong sell, and the market held a cautious attitude towards Infosys Technologies' future performance, despite a short-term rise in stock price. 6. On July 27, the market expressed concerns about the uncertainty surrounding Infosys Technologies' future, as the company did not commit to updating any forward-looking statements, increasing market uncertainty. Recent volatility in the U.S. stock market necessitates attention to risks. **Stocks ranked among the top in industry market capitalization** Wipro rose by 2.08%. Based on recent key news: 1. On July 27, Wipro announced a partnership with Databricks to drive data modernization and accelerate AI applications. This move aims to help enterprise clients solidify their data foundations and accelerate the practical application and value transformation of AI, driving the stock price up. 2. On July 27, Wipro established a new Databricks business unit focused on building customized AI solutions for industries such as banking, financial services, healthcare, telecommunications, manufacturing, and energy. The establishment of this new unit further enhanced market confidence in Wipro's future growth, resulting in a rise in stock price. 3. On July 29, Wipro announced an acquisition in Hong Kong, emphasizing the importance of Hong Kong as a strategic hub. This move demonstrates the company's expansion plans in the Greater China region, enhancing investor expectations for the company's future development and driving the stock price up. The overall industry performed well, with significant capital inflow ### Related Stocks - [CTSH.US](https://longbridge.com/en/quote/CTSH.US.md) - [ACN.US](https://longbridge.com/en/quote/ACN.US.md) - [IBM.US](https://longbridge.com/en/quote/IBM.US.md) - [INFY.US](https://longbridge.com/en/quote/INFY.US.md) - [WIT.US](https://longbridge.com/en/quote/WIT.US.md) ## Related News & Research - [Is Wall Street Bullish or Bearish on Cognizant Stock?](https://longbridge.com/en/news/294503115.md) - [Morgan Stanley Just Upped Its Price Target on Cognizant Stock. Here's Why.](https://longbridge.com/en/news/294406637.md) - [Cognizant Posts Solid Q2 Results, Raises 2026 Outlook](https://longbridge.com/en/news/294197869.md) - [Anthropic Is Only Part of the Story. Cognizant Has a Much Bigger AI Plan.](https://longbridge.com/en/news/294537653.md) - [The Andover Companies Selects Cognizant to Modernize Technology and Advance AI-Driven Innovation | CTSH Stock News](https://longbridge.com/en/news/293959805.md)