EPAM Systems: Mid-Cap Stock Underperforming Nasdaq Amidst Technical Weakness

EPAM Systems, a global technology and consulting firm, is underperforming the Nasdaq Composite. The company's stock has crashed 38% since its 52-week peak and is down 33.6% in the last three months, significantly lagging behind the broader Nasdaq. The stock has also been trading below its moving averages and has been weighed down by the tech sector downturn and uncertainty around AI's impact on the IT and consulting landscape.