CGI Inc. (GIB) is trading higher as market chatter refocuses on an AI-oriented strategic collaboration involving Amazon Web Services and CGI’s U.S. public-sector business, a theme that can quickly re-rate sentiment for IT services names exposed to federal modernization and cloud adoption. The AI-collaboration narrative has circulated in recent days and appears to be catalyzing incremental buying interest today.

Beyond the AI theme, CGI has an active capital-return story. The company’s board authorized the renewal of its Normal Course Issuer Bid, permitting repurchases for cancellation of up to 18,975,360 Class A subordinate voting shares over the next 12 months, with repurchases able to commence February 6, 2026 (subject to TSX approval), extending the program through February 2027. That buyback backdrop can amplify upside moves on positive headlines or sentiment shifts.

Investors will be monitoring for any incremental federal contract wins, expansions of cloud/AI implementation scope, or additional details that quantify revenue impact. Attention is also turning to the next earnings catalyst (widely tracked for late April), where bookings, backlog trends, and margins—especially within government and regulated verticals—could determine whether today’s bounce has follow-through.