Kyndryl Stock Drops Despite Beating Earnings
Update: 2025-11-05
Description
Kyndryl's stock plummets as investors focus on lower-than-expected revenue, despite higher-than-predicted earnings per share. The tech company's Q3 results show a 1.4% decrease from last year, leading to a 27.2% year-to-date drop. Meanwhile, a broader market shift towards profit-taking and concerns about AI stock valuations, along with warnings from major banks, suggest a potential market correction in the near future.
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