CTSH near 9x earnings after IT-services selloff: value play or AI-driven value trap?

For context behind the numbers: Cognizant’s latest finance feed had it around **$41.07**, with a P/E near **8.9x**. Its Q1 report showed **$5.4B revenue**, **5.8% YoY growth**, and **21% quarterly bookings growth**, while Reuters also noted the company guided Q2 revenue below estimates due to cautious IT spending and macro uncertainty.

Curious how others are thinking about it:

Is AI a true long-term margin killer for CTSH, or a demand driver for implementation work?

Is the current valuation cheap enough to compensate for the sector risk?

Would you rather own CTSH, ACN, INFY, G, EPAM, or avoid the whole IT-services space for now?