AI Scare’s $56 Billion Hit Tests Resilience of India’s IT Stocks
For investors bullish on India’s technology services industry, the “AI scare trade” has created an opportunity to buy shares of companies that are able to survive the doomsday predictions.A gauge including Tata Consultancy Services Ltd. and Infosys Ltd. has shed $56 billion in combined market value since Anthropic PBC released a tool seen as a threat to their business models. The slide in Indian tech firms has stood out in Asia, a region whose large hardware industry is seen as indispensable to ...
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