Cognizant is trading 4.18% lower at $63.76 as software shares face pressure. - The sector context shows IGV down 3.64% during the regular session as investors reassess AI regulation risks and major cloud providers’ spending. - Reuters reported worries about tighter AI rules and slower data-center expansion drove this week’s technology selloff, though technology shares rebounded broadly on November 6. - No Cognizant-specific announcement explains the move; weaker bookings and cautious outlook are background, not a confirmed catalyst.