The history of human civilization is replete with examples of radical, path-breaking advancements—from a simple wheel to steam engines, electricity, and the internet. But the emergence of artificial intelligence (AI) is undoubtedly one of the most powerful, if not the greatest, inventions in human history. AI is not a fringe technology now. It is now…
Fears of disruption have gripped Indian information technology (IT) stocks amid the growing focus on artificial intelligence (AI). In February alone, the Nifty IT index has declined by 14%. It all started with Palantir Technologies Inc.’s earnings call earlier this month, where it claimed its AI platform was powering complex SAP (enterprise resource planning software)…
(Bloomberg) — European stocks edged higher as companies including Siemens Energy AG and Heineken NV reported upbeat earnings. Software firm Dassault Systemes SE tumbled 20% as its outlook disappointed. The Stoxx 600 Index was up 0.1% by the close. In individual stocks, Siemens Energy jumped 8.4% to a record as surging electricity demand continues to…
—Alexandre Dumas, The Count of Monte Cristo Sunny days, fresh winds and quiet signs of life mark the onset of spring. Dalal Street was witnessing such a weather last week, until a storm barrelling across the global IT sector darkened the horizons again. However, those who have weathered many such storms attest that the weather,…
IT Stocks Crash: The IT sector brought a big shock for investors in the stock market on Wednesday morning. In early trade, benchmark indices Sensex and Nifty were trading in the green with mild fluctuations. At the same time, Nifty IT was down by about 6.10 percent in the sectoral index on Nifty. All the…
