Athira Sethu
Kochi, 29 May 2026
Shares of Wipro setteled higher on Friday after company’s ADRs saw a surge on the NYSE.
Wipro’s ADRs closed up by 18.54% to close at $2.430 during overnight trading on Wall Street. An ADR, or an American Depository Receipt, refers to a negotiable instrument used to facilitate trading of stocks of foreign companies on US stock exchanges.
The impressive increase in Wipro ADRs followed the announcement of an expanded partnership between the two organizations. The partnership will center on using agentic AI to optimize critical business operations including IT services, HR, procurement, and cybersecurity among others.
The firm revealed that the Wipro’s Intelligence™ AI-driven platform will be integrated into ServiceNow’s AI Platform. The goal of this integration is to help organizations automate their work, minimize human intervention, and optimize the movement of their processes from one department to another.
The organization feels that the new AI-enabled solutions will enable organizations to achieve higher levels of productivity, accountability, and operational control.
SmartProcure is one such solution that enables firms to carry out their procurement processes efficiently.
There is yet another product from Wipro by the name of Telco Autonomous Networks, which targets telecom companies. This product utilizes AI-based workflows to solve issues and enhance the processes of service delivery.
It is also noteworthy that the company emphasized its Cyber Transform service that enables businesses to enhance their security operations amid cyber threats.
According to analysts, Wipro’s increased cooperation with AI has added to investor confidence and thus brought about the rally in Wipro ADRs. Thus, Wipro stocks may continue to be in the spotlight on Friday.
