CGI Inc

NYSE:GIBUnited StatesView on Canadian Exchange

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Shares of CGI Inc. Cl A GIB.A inched 0.37% higher to C$134.59 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index rising 0.89% to 22,269.12. CGI Inc. Cl A closed C$25.81 short of its 52-week high (C$160.40), which the company achieved on March 21st. Trading volume of 2.1 M shares eclipsed its 50-day average volume of 341,835.

0756 ET - CGI is noticing that the adoption of AI is slower than expected, but Scotiabank's Divya Goyal says the company is well-positioned to capture demand as companies understand its usefulness. In a report, the analyst says that about 80% of CGI's clients are currently exploring generative AI, but fewer than 10% are in the implementation stage "with limited dollars currently being allocated for such Gen AI deployments." Goyal says that there is progress across AI adoption, but the scale of adoption "is expected to start small as enterprises narrow down the relevant use cases while ensuring stability and longevity of these technology tools/investments."(adriano.marchese@wsj.com)

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of CGI Inc. Cl A GIB.A slipped 2.43% to C$137.11 Wednesday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index falling 1.65% to 21,897.98. CGI Inc. Cl A closed C$23.29 below its 52-week high (C$160.40), which the company achieved on March 21st. Trading volume of 595,999 shares eclipsed its 50-day average volume of 329,198.