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SEC Filing Shows Truist Expanding Position in Genpact Limited (NYSE:G)

Genpact Limited (NYSE:G) is among the overlooked AI stocks to buy now. According to the recent filing with the SEC, Truist Financial Corp increased its position in Genpact Limited (NYSE:G) by 8.4% during the second quarter. Following the purchase of 2,882 shares, the investor now owns 37,316 shares of the company’s stock, which translates to an investment worth $1,642,000.

Earlier in September, Genpact Limited (NYSE:G) announced its Insurance Policy Suite, a commercial and specialty business insurance solution powered by AI, expected to reduce processing cycle times by at least 75% compared to current processes.

As part of the Service-as-Agentic-Solutions portfolio, the suite utilizes Microsoft Azure AI technology to automate and optimize underwriting support tasks. Jinsook Han, the Corporate Development & Global Agentic AI Officer at Genpact Limited (NYSE:G), stated the suite was particularly designed for underwriters “so they can focus on delivering faster quotes, building better broker relationships, and increasing submission-to-bind ratios.”

Genpact Limited (NYSE:G) is a Bermuda-based provider of business process outsourcing and information technology services. With three primary segments — Financial services, Consumer and Healthcare, and High Tech and Manufacturing — the company is committed to helping its customers become more productive by making their businesses more adaptable.

While we acknowledge the potential of G to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than G and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
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  • 140 Metas
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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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