Kyndryl Holdings is trading 4.8% up at $12.66, extending a recent rebound and outperforming broader tech as investors position for its August 5 earnings report.
- The move reflects a rotation into cheaper, infrastructure-focused services as markets digest heavy AI spending concerns at larger technology peers.
- While consensus expects softer quarterly revenue and EPS, investors appear to be focused on projections for stronger full-year earnings growth.