DXC stock drops nearly 5% as tech sentiment turns; London AI hub and Amazon Quick rollout in focus
DXC Technology shares fell 4.5% to $13.94 Wednesday, reversing early gains as IT services stocks retreated. The drop followed mixed sector moves and a UBS downgrade of U.S. IT stocks. DXC reported a 1% revenue decline and 17% drop in bookings last quarter. The company also opened a London AI center and announced a major Dutch rail contract this week.