Infosys, TCS, Tech Mahindra Slide as Global AI Trade Rebounds, Raising Fresh Questions for Indian IT
Indian information technology stocks fell sharply on Wednesday, with Infosys, Tata Consultancy Services and Tech Mahindra among the biggest losers as investors rotated back into global artificial intelligence-linked names. The selloff came after strong earnings from SK Hynix and renewed enthusiasm around AI-focused companies, including Anthropic’s IPO filing, revived the global AI trade and pressured defensive software counters in India.
