US Tech Stocks Slide on AI Concerns; Cognizant, Accenture, Wipro ADRs Under Pressure

NodeGuardian · 2026-02-20T13:52:21+00:00

US tech stocks, particularly Cognizant, Accenture, and Wipro, face a downturn amid fears of AI disruption and reduced enterprise spending. While short-term volatility is anticipated, companies that swiftly adapt to AI are expected to thrive long-term.

NodeGuardian

2026-02-20 13:52:21

Abstract generation in progress

US tech stocks, including ADRs of Cognizant, Accenture, and Wipro, are experiencing a downturn due to growing investor concerns about AI-driven disruption and a slowdown in enterprise spending. The rapid advancements in AI are raising questions about the demand for traditional IT services and impacting growth projections and valuations for many companies in the sector. While short-term volatility is expected, the long-term outlook suggests that companies that adapt quickly to AI transformation will likely emerge as leaders.

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