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The Nifty IT index plunged 19.5% in February, its steepest monthly drop since 2008, as AI disruption fears and new tools from Anthropic triggered heavy selling. Tech stocks erased Rs 5.7 lakh crore in market value, with Coforge and LTIMindtree among the worst hit.
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Global stocks saw a dip on Friday. Concerns over AI's impact and high tech valuations weighed on markets. Meanwhile, rising US-Iran tensions pushed oil prices higher. Sterling also experienced a fall following a Labour election defeat. Investors are closely watching these developments.
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Artificial intelligence is creating uncertainty for the US stock market. Investors are watching closely for how this technology will change businesses. Key economic reports and company earnings are due soon. Experts are debating whether companies will benefit from AI or be replaced by it. This debate is causing market jitters.
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