Activist pushes EPAM Systems for buybacks as AI hits its shares

Engine Capital is urging EPAM Systems to initiate a share buyback program as its stock takes a hit due to growing investor concerns about the impact of artificial intelligence on consultancies and software groups. This push highlights the broader worries in the sector about how AI could disrupt traditional consulting and software services, potentially leading to lower valuations. The campaign underscores a pivotal moment for EPAM Systems as it navigates these industry-wide shifts and investor sentiment.