Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) is one of the best debt-free IT stocks to buy now. On May 26, Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) moved to target large enterprises running mission-critical, high-transaction-volume legacy environments. The company unveiled an AI-native modernization service powered by its GAIN Platform for SDLC on Microsoft Azure.
The offering will help large enterprises tackle the biggest roadblocks pertaining to technical debt and legacy licensing costs. Integration with Microsoft Azure is part of an effort to help the company’s clients benefit from free Microsoft assistance, Azure credits, and funding for migration assessments.
Grid Dynamics is to extend its AI delivery model to Azure while drawing on extensive expertise in application migration. The program can also accelerate project delivery by over 30%. The company also stands to enable mission-critical systems to be fundamentally transformed and modernized, unlocking massive innovation.
The unveiling of the AI modernization service comes on the heels of AI representing 29% of revenue in the first quarter, up from 25% in 2025.
Grid Dynamics Holdings Inc. (NASDAQ:GDYN) is an enterprise technology consulting and digital engineering firm that helps Fortune 1000 companies modernize their IT systems, build scalable cloud platforms, and develop AI-powered products. They specialize in high-complexity digital transformation, software design, and engineering.
While we acknowledge the potential of GDYN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Investors’ Stock Portfolio: Top 10 Penny Stocks To Buy and 10 Most Shorted Mid-Cap and Small-Cap Stocks to Buy Now.
Disclosure: None. Follow Insider Monkey on Google News.
