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)…
Indian IT stocks remained under heavy pressure on Friday, extending losses for a third consecutive session as selling intensified across the sector amid concerns regarding AI-led disruptions. The pressure was further aided by fading expectations of a near-term interest rate cut by the US Federal Reserve after stronger-than-expected labor market data. The Nifty IT index…
Indian IT stocks witnessed a massive sell-off for the third straight session on Friday, February 13, following a rout in global technology stocks in the US market. The fall was triggered by lingering concerns over artificial intelligence (AI)-led disruption in the sector. It was further intensified by stronger-than-expected US employment data, which sharply reduced expectations…
Infosys, Tata Consultancy Services, Wipro, HCL Technologies and other IT stocks are likely to remain under pressure on Friday after witnessing a sharp sell-off in the previous session. Concerns around Artificial Intelligence (AI)-led disruption and weak sentiment across global technology stocks continue to weigh on the sector. The Nifty IT Index plunged 5.5% in the…
Why IT stocks are falling: Even big IT companies are in awe of the new Claude Cowork AI plug-ins launched by AI company Anthropic… highlights There is tremendous turmoil being seen in the IT sector across the world including India. Heavy selling in IT stocks has started after AI company Anthropic launched new Claude Cowork…
IT stocks crash: Indian IT stocks, including tech behemoths like Tata Consultancy Services, Infosys and Wipro, fell like ninepins in the early morning trade on Wednesday, February 4, tracking an overnight decline in tech stocks on Wall Street amid concerns that artificial intelligence could intensify competition. The recently updated artificial intelligence (AI) chatbot by Anthropic…
