Economic TimesLean R·
Infosys, TechM, TCS, other IT stocks plunge up to 5%, extend losses as global AI trade rebounds. What lies ahead?
Shares of Indian IT companies, including Infosys, Tech Mahindra and TCS, plunged on Wednesday, leading market losses as optimism around the global AI trade revived following strong earnings from SK Hynix, building on momentum from Anthropic’s IPO.The Nifty IT plunged more than 3% to lead losses among the sectoral indices. This comes as South Korea’s Kospi, which is seen as the face of the massive seesaw trade linked to artificial intelligence, soared 6%.Why IT stocks are falling today?SK Hynix …
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