dxc is one of the top five technology stocks in the S&P 500.
Its stock price surged after the US Federal Communications Commission voted last month to end net neutrality rules that the company says could hinder its ability to offer a cheaper alternative to Netflix.
But as of Friday, the stock had slipped by over 7 percent.
As of Friday afternoon, dxc had a market cap of $12.9 billion, up from $10.4 billion on Friday.
The stock is down almost 2 percent since the election, though its losses are largely tied to the US economic slowdown and the weakening of China.
“The market has become increasingly focused on dxc’s long-term performance,” said Josh Greenberg, chief market strategist at CMC Markets in a note to clients.
“We believe dxc will be able to withstand the coming downturn.”
Investors should consider taking a wait-and-see approach to dvc, he added.
If dxc falls even further, it could be an important catalyst for other tech companies that are looking to expand their market positions.
In addition to Netflix, the S &M 500’s other biggest tech companies include Amazon, Facebook, eBay, Yelp, Pinterest, LinkedIn, and Uber.