Technology stocks worldwide are experiencing sharp volatility amid concerns over rapid advancements in artificial intelligence (AI) and their potential impact on the broader IT sector. The Nifty IT index is down 20% so far in February, with stocks like TCS, Infosys, Tech Mahindra, HCL Tech, and Coforge falling 15-25%, amid concerns that AI may render…
IT stocks witnessed strong gains in intraday trade on Tuesday, February 17, boosting their sectoral index, Nifty IT, by almost 3% during the session. Stocks such as Infosys, HCL Tech, Wipro, Tech Mahindra, and TCS clocked healthy gains as sentiment improved after Infosys announced a strategic partnership with Anthropic to create and implement advanced enterprise…
IT stocks are going through a rough patch globally, hit by AI-led disruptions and concerns that AI automation can disrupt the traditional functions of the sector, such as outsourcing. Investors are also concerned about the mega investments in AI advancements and their impact on the sector going forward, as AI is increasingly getting embedded across…
