Infosys, TechM, TCS, other IT stocks plunge up to 5%, extend losses as global AI trade rebounds. What lies ahead?

Indian IT stocks fell sharply on Wednsday as renewed optimism around the global AI trade weighed on sentiment. Strong earnings from SK Hynix and Anthropic’s IPO filing fuelled gains in AI-linked stocks globally. However, concerns over an AI bubble persist, with analysts highlighting a potential advantage for Indian IT services firms.