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Stock impact report

Telus Digital Gained 20% Last Month: Is the Stock a Buy? [Yahoo! Finance Canada]

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) 
In the August earnings rally, many stocks surged on the back of strong revenue and earnings per share. However, that was not the case with Telus Digital, which trades on the stock exchange under the name Telus International TSX:TIXT ). This stock surged 20% in August after falling 93% in the last four years. Why did TIXT stock fall despite the artificial intelligence (AI) boom? What led to the sudden rally? Is this jump a sign of recovery and time to buy the stock? Let's find out. Why did Telus Digital stock lose 90% of its value? Back in 2021, when the technology sector was booming, Canadian telecom Telus Corporation TSX:T ) spun off its digital technology solutions business into Telus Digital and listed it on the stock exchange as Telus International. The spin-off made sense back then as every company was undergoing digital transformation in the light of pandemic lockdowns, driving revenue and profits for digital solutions. Most software-as-a-service and digital solutions c Show less Read more
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