Nvidia's Announcement Jolts IT Stocks: Investor Action Guide
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Nvidia's AI Announcement Rocks Indian IT Shares; Investors Cautious
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News18•17-03-2026, 11:46
Nvidia's AI Announcement Rocks Indian IT Shares; Investors Cautious
•Indian IT shares plunged up to 6% after Nvidia's GTC conference announcement on AI's $1 trillion revenue potential by 2027.
•Nvidia CEO Jensen Huang highlighted "inference inflection," focusing on real-time AI use, and licensed Groq technology for new systems.
•Companies like Coforge, Wipro, Infosys, and LTI Mindtree saw significant drops, with the Nifty IT index falling over 2%.
•Concerns about AI's impact on job displacement and automation, alongside the awaited US Fed FOMC meeting results, fueled investor caution.
•Brokerage Nuvama and analysts suggest the decline is overdone, viewing current valuations as attractive and Gen AI not an existential threat to the IT industry.
