AI Concerns Push IT Stocks Lower; IBM Sees Biggest Drop in 25 Years

The IT Stocks sector faced sharp selling pressure this week as rising fears around artificial intelligence spending, slowing enterprise demand, and weak guidance from major tech firms shook investor confidence. Shares of International Business Machines Corporation fell to their lowest level in decades after posting what analysts call the biggest single-day percentage drop in 25 years. The broader tech market also slipped, with traders cutting exposure to large-cap software and consulting names.