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IT stocks fall up to 7% as Anthropic AI tool spooks investors
IT stocks slid sharply as fears grew over Anthropic’s AI tool disrupting traditional Indian IT business models.
Indian IT stocks fell up to seven percent after Anthropic’s new AI tool raised concerns about long term disruption to outsourcing led business models. Analysts said rapid AI adoption could pressure pricing, reduce manpower based revenues, and accelerate automation.However, some experts believe the threat is medium term, noting large IT firms are already investing heavily in AI capabilities to adapt and defend margins over time