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Another AI aftershock sends Indian IT stocks for a tumble
Indian IT shares extended their seventh straight session of losses as Anthropic's new AI model intensified investor fears of revenue disruption. Global tech stock declines, particularly in the Nasdaq, further fueled the sell-off. Analysts suggest a potential cyclical recovery in September, but caution that geopolitical tensions could cause delays.
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economictimes.indiatimes.com
Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?
Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is…
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thehindubusinessline.com
IT rout: Infosys, HCLTech, TCS shares fall as Nifty IT declines 3% on global tech selloff
IT stocks, including Infosys and TCS, decline as Nifty IT index drops 3% amid global tech selloff and AI concerns.
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Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?
Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff…
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newsbytesapp.com
Nifty IT crashes over 2%; HCL, Infosys lead fall
The Nifty IT index plunged over 2% on Thursday, driven by global tech weakness and fears of artificial intelligence impacting growth for major IT firms like Infosys and TCS.
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thehindu.com
IT majors’ shares dip as Claude’s new model ‘poses risks’ to revenue
IT majors' shares fall as Anthropic's new Claude model threatens revenue, with industry experts predicting a 3-5% decline.
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Another AI aftershock sends Indian IT stocks for a tumble
Indian IT shares extended their seventh straight session of losses as Anthropic's new AI model intensified investor fears of revenue disruption. Global tech stock declines,…