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Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is one of the cheap IT stocks hedge funds are buying. On July 1, Cognizant was acknowledged as one of the initial organizations to sign the White House’s “Pledge to America’s Youth: Investing in Artificial Intelligence/AI Education.”
Cognizant joined a group of 60+ prominent US organizations that have committed to supporting America’s youth and investing in AI education through this pledge. Working in collaboration with the White House Task Force on AI Education, the organizations involved in this initiative aim to make AI education accessible to K-12 students throughout the US.
The commitments made by these 60+ companies involve providing resources for youth and teachers over the next 4 years. Through its global upskilling initiative, called Synapse, Cognizant aims to train 1 million individuals in advanced technologies such as AI by 2026.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a professional services company that provides consulting & technology, and outsourcing services internationally.
While we acknowledge the potential of CTSH 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.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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