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IT Stocks Tumble Up to 5% on Fresh AI Concerns After US Jobs Data
IT stocks drop up to 5% amid AI and US rate concerns.
Shares of Infosys, TCS, Tech Mahindra and other IT companies fell up to 5% after fresh artificial intelligence concerns resurfaced following strong US jobs data. Investors fear prolonged higher interest rates could pressure technology spending in key global markets. The Nifty IT index declined sharply as traders reassessed growth outlooks. Analysts said volatility may persist amid global macroeconomic uncertainty and evolving AI-driven disruption risks.