Infosys’ AI deal creates stir in the market, brokerage gives big target with ‘Buy’ rating
There was a lot of fear in the stock market regarding the IT sector for the last few days. Many people were saying that with the advent of Artificial Intelligence (AI), the work of IT companies will end. But the giant company Infosys has left everyone speechless with its recent announcements.
The big partnership between Infosys and the world’s famous AI company Anthropic has changed the perspective of the market leaders. Now big brokerage houses are saying that the fall in IT stocks was excessive, and now there is a real buying opportunity.
According to the report, Infosys has announced that it will integrate Anthropic’s ‘Cloud’ models with its Topaz platform. This simply means that now Infosys will create such smart AI machines that will be able to do difficult tasks automatically. As soon as this news came, big brokerages like Nuvama and Motilal Oswal have become bullish on this stock. He believes that AI will not reduce the work of companies, but will open up a huge opportunity to modernize old technologies. Infosys estimates that by 2030 the market for AI services could be worth $300 to $400 billion.
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What is the opinion of the brokerage house?
Market experts say that Infosys is not just looking at AI as a new technology, but has made it a part of its business.
1. Nuvama: Target of Rs 1,900
Nuvama believes that companies now want to create their own apps and IT companies like Infosys will play a supporting role in this. According to him, the share of AI in the total revenue of Infosys has now reached 5.5%, which will increase rapidly in the coming time.
2. Motilal Oswal: Target of Rs 1,850
Motilal Oswal says that the transformation of AI is different from previous technological transformations. Here companies are struggling to prepare data and implement AI properly, and this is the earning opportunity for Infosys. Infosys has also started work on AI with 90% of its top 200 clients.
3. Morgan Stanley: Target of Rs 1,760
Morgan Stanley is treading with caution but also believes that Infosys’s Topaz platform and its vast partner ecosystem is the company’s biggest strength. The company has started work on about 4,600 AI projects, which is a very good sign for the future.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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