Cognizant ai chief has one word for trillion dollar wipeout in stock market triggered by anthropic39s claude ai tools.jpg

Cognizant AI chief has one word for trillion-dollar wipeout in stock market triggered by Anthropic’s Claude AI tools

Image credit: X (Twitter) Cognizant‘s chief AI officer, Babak Hodjat, has described concerns that artificial intelligence will disrupt IT services companies as “overblown.” This comes after Anthropic’s Claude AI tools wiped out more than a trillion dollars from the stock market. Speaking to Reuters, Hodjat said enterprises still require significant support to deploy, integrate, and…

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Sensex Today: Stock market today: Which are top 10 gainers and losers on NSE & BSE on February 26? Check list

Domestic benchmark equity indices ended nearly flat on Thursday amid profit booking in select heavyweights and mixed global cues.At closing, the 30-share BSE Sensex slipped 27 points, or 0.03 per cent, to settle at 82,248.61, while the Nifty 50 edged up 14 points, or 0.06 per cent, to close at 25,496.55.The Nifty 50 had opened…

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Oil market price battle: Russia and Iran offer deeper discounts to China as crude piles up at sea

Russian and Iranian oil producers are reportedly offering deeper discounts to compete for the same limited pool of Chinese buyers after India pulled back from purchases. Analysts say India’s imports from Russia could fall by 40 per cent from January levels, to around 600,000 barrels a day, according to a scenario from Rystad Energy, as…

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AI disruption: At $380 billion, Anthropic valuation more than combined market cap of top Indian IT stocks

In February 2026, the company secured $30 billion in its latest funding round, pushing the valuation of the Claude chatbot developer to $380 billion. (AI image) Anthropic – it’s a name that has taken the technology world by storm globally – and its impact on Indian IT stocks has been significant. Anthropic – now valued…

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US stock market today: Wall Street opens higher as investors await Nvidia earnings

US Wall Street’s main indices opened higher on Wednesday, recovering after recent volatility as investors weighed concerns surrounding the AI trade and uncertainty over tariffs ahead of Nvidia’s earnings later in the day (local time).The Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63 at the open. The S&P 500 gained 25.1 points,…

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Stock market today: Which are top gainers and losers on NSE and BSE on February 25? Check list

Benchmark equity indices Sensex and Nifty ended marginally higher on Wednesday after a volatile trading session, as profit-booking wiped out most of the sharp intra-day gains.The 30-share Sensex rose 50.15 points, or 0.06 per cent, to close at 82,276.07. During the day, the index had jumped 731.99 points, or 0.89 per cent, to hit 82,957.91….

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After IBM’s worst day on stock market, IBM senior vice-president Rob Thomas to everyone betting on AI: New AI tools emerge every week, what they do not change is …

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23. The 100-year-old IT giant saw its market value plunge by billions on fears that a new tool from Anthropic could up-end its dominance of corporate IT. The carnage started after AI startup Anthropic…

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