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Kospi’s mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%
Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.
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newsbytesapp.com
Why IT stocks are rising as AI chip stocks fall
Indian IT index surged 3%, outperforming Asian tech markets, as global chipmaker selloff intensified amid worries over the financial demands of the AI industry's rapid expansion.
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economictimes.indiatimes.com
Indian IT stocks buck global tech slump, climb on earnings beat and AI optimism
Indian information technology stocks rallied Tuesday after global AI pressure eased. Coforge reported significant revenue and profit increases, boosting the sector. Other major IT…
