Kyndryl Launches New AI-Powered Services to Accelerate Mainframe Migration to AWS

Kyndryl Holdings Inc. (NYSE:KD) is one of the cheap IT stocks hedge funds are buying. On June 10, Kyndryl announced the launch of new advisory and implementation services. These services are designed to accelerate the modernization and migration of mainframe applications and data to Amazon Web Services/AWS by using the agentic AI capabilities of AWS Transform.

The initiative follows Kyndryl’s recent certification by AWS as an Elite Launch Partner for its new AWS Transform for Mainframe solution. Kyndryl’s new services simplify the integration or movement of mainframe applications to the AWS Cloud platform for enterprises by using the automated agentic AI capabilities of AWS Transform.

Kyndryl is also providing services to use AWS Transform for modernizing and migrating mainframe applications to AWS. For many organizations, conducting exploratory and deep analysis of source code and documentation can be time-consuming and prone to errors. AWS Transform’s ability to translate complex code terms using agentic AI improves working with application documentation.

Kyndryl Holdings Inc. (NYSE:KD) is a technology services company and IT infrastructure services provider in the US, Japan, and internationally.

While we acknowledge the potential of KD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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