🔴 EPAM Systems Inc is trading 4% down today as IT services selloff continues and analysts downgrade rating

EPAM Systems Inc is trading 4% down at $73.56, extending a steep multi-day slide and pushing the stock toward 52-week lows.

• The recent pressure follows a broader IT services selloff sparked by Accenture’s lowered revenue guidance, which has significantly impacted sentiment across the sector.
• Adding to the decline, EPAM Systems received a rating downgrade today, with analysts citing increased concerns about AI as a threat to the company's business model and a deteriorating growth outlook.