04 Feb 2026 | 5 Mins Read
Anthropic's AI tool sparks 7% IT stock drop
Flipitmoney
Indian IT stocks plummeted over 6% on February 4, amid concerns of rising AI competition. Shares of Infosys, LTI Mindtree, and Mphasis plunged over 7%. Analysts caution investors about a possible structural disruption but see a silver lining in adopting AI capabilities to lead the charge, driving volatility in the short term and market shift in the medium term.