By Yuvraj Malik
Publication Date: 2026-02-17 04:34:00
Last week’s broad tech selloff wiped out the gains IBM shares had notched following the company’s upbeat earnings report.
- IBM stock shed 12.2% last week, while shares of peer Cognizant declined 13.7%.
- Investors were seen rotating money out of technology stocks amid rising Treasury yields and renewed valuation concerns.
- Stocktwits sentiment for IBM notched up to the ‘bullish’ zone over the past week.
International Business Machines Corp. (IBM) shares tumbled 12.2% last week to a five-month low, marking their steepest weekly decline in nearly six years.
Despite an upbeat earnings report from IBM late last month and largely positive results from most tech heavyweights, technology stocks have slid sharply as rising Treasury yields and renewed valuation concerns triggered broad profit-taking across growth names.
Tech Selloff
The tech-heavy Nasdaq 100 declined 2.1% – its fifth straight week of losses – while the S&P 500 shed 1.4%. IBM peer Cognizant’s stock (CTSH) dropped…
