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genai/news//Outlook Money
Shares of IT sector heavyweight Wipro surged nearly 5 per cent to an early high of Rs 211 apiece on the NSE on May 29.
Wipro shares rose nearly 5% following the expanded partnership announcement with ServiceNow.
KEY POINTS
The partnership aims to integrate Agentic AI workflows across multiple Wipro business functions.
Wipro revealed concrete generative AI integration plans through this collaboration with ServiceNow.
Investor buying activity increased specifically due to Wipro's tangible AI adoption announcement.
Shares of IT sector heavyweight Wipro surged nearly 5 per cent to an early high of Rs 211 apiece on the NSE on May 29. The stock edged higher as the company announced an expanded partnership with ServiceNow, a leading cloud-based platform designed to automate and digitise enterprise workflows.
As a part of the partnership, the company will aid Wipro in integrating Agentic AI workflows across business functions. It is likely that the development led to an increase in buying activity in the stock as investors reacted positively to the company’s tangible generative AI integration plans.