US IT Distribution Stocks Lose Over $800 Million in a Single Day

CDW Corp. (NASDAQ: CDW) shares plunged 5.22% on the Nasdaq on April 23, closing at $135, erasing approximately $850 million in market capitalization in a single session—about ₩1.2 trillion. Trading volume reached 2.15 million shares, well above the 20-day average of roughly 1.61 million, leaving CDW’s market cap at about $17.2 billion (around ₩23 trillion).

Recently, CDW Canada published a cybersecurity study revealing that security breach rates in enterprise cloud environments have reached all-time highs, underscoring expanding demand for cloud and security solutions.

Analysts continue to recommend CDW as a “buy,” with a 12-month average price target in the mid-$160s, implying more than 20% upside from current levels.

CDW is a leading IT solutions distributor serving corporate and public sector clients in the U.S., U.K. and Canada, offering bundled hardware, software, cloud, security and managed services. Over the past year, the company generated approximately $22.4 billion in revenue (about ₩30 trillion). However, with corporate IT budgets becoming more conservative and spending slowing in 2026, growth concerns have mounted, driving CDW’s share price down double digits from its one-year high.