Infosys, Wipro and other IT stocks slide up to 6% as AI fears continue to hammer tech pack

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Shares of IT giants Infosys and Wipro tumbled as much as 6% on Friday, extending recent losses. This decline follows a sharp overnight drop in their ADRs after Anthropic unveiled a new AI product capable of automating professional tasks, reigniting fears of margin pressure and weakened competitive positioning.

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Infosys, Wipro and other IT stocks slide up to 6% as AI fears continue to hammer tech pack

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