IT Stocks Under Pressure Amid AI Concerns!

Indian IT stocks came under selling pressure as fresh developments in the Artificial Intelligence (AI) space raised concerns about the future of existing business models. At the opening of Wednesday’s trading session, shares of Infosys and Tata Consultancy Services declined by around 6 percent, reflecting cautious investor sentiment.

Meanwhile, Wipro shares slipped by over 4 percent. Market participants believe that rapid advancements in AI and questions over how these technologies may disrupt current IT service models have triggered the sell-off across the sector.