🔴 ExlService is trading 4.49% down today as IBM's AI spending warning pressures software sector

ExlService is trading at $27.21 (-4.49%) in pre-market as the software sector faces pressure following IBM’s warning on AI spending shifts.

• The move aligns with a broader software decline, as the IGV ETF fell 3.73% after IBM flagged shifts in AI-related spending.
• No company-specific catalyst was identified for the move, indicating the drop is primarily driven by sector sentiment.
• Recent coverage noted that the stock's prior rebound also lacked a clear catalyst, reinforcing the link to broader market moves.