AI fears wipe Rs 6 lakh crore off IT stocks; how TCS, Infosys and other tech firms are shifting strategy
IT stocks have taken a massive hit, losing over Rs 6 lakh crore in market value across eight sessions, with the Nifty IT index dropping more than 8 per cent. The sell-off stems from fears that AI could automate core IT services like application development, maintenance, and testing – the backbone of Indian IT companies’…