AI Infrastructure Hopeful Loses $400 Million in Market Value in a Day

Kyndryl Holdings Inc. (NYSE: KD), a U.S. IT infrastructure services firm, plunged 6.77% on the New York Stock Exchange to close at $25.21, entering a short-term correction.

Its market capitalization shrank to roughly $5.76 billion (about ₩7.5 trillion), wiping out around $360 million (mid-₩400 billion) in value in a single trading day. Volume reached 1.69 million shares.

Recently, Kyndryl has rolled out a series of AI initiatives—announcing an AI-driven manufacturing innovation partnership with Wayne State University and publishing its 2025 Retail Readiness Report on AI adoption in the distribution sector. Despite these efforts, the stock is down roughly 28% over the past year, fueling debate over whether the recent bounce signals a broader valuation re-rating.

Spun off from IBM in 2021, Kyndryl is now the world’s largest IT infrastructure services provider, designing and operating mission-critical systems—including mainframes, cloud environments and networks—for major enterprises in more than 60 countries.

In its latest turnaround strategy, the company is exiting low-margin contracts and sharpening its focus on profitability and cash-flow growth through its consulting division and its AI-based operations platform, Kyndryl Bridge.