Economic TimesLean R·
Wipro shares could crash 17% on Thursday if ADR is an indicator. What’s worrying investors?
Wipro shares are poised for a significant drop following a steep decline in its ADRs, fueled by investor worries about future earnings and AI's impact on IT services. The company, already down substantially from its peak, faces headwinds from North American market slowdowns and the disruptive potential of generative AI. Accenture's tempered forecast and US monetary policy further dampen prospects for the sector.
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