IT Stocks Plunge: AI's Impact on the Sector Questioned as Market Cap Loss Tops Sri Lanka's GDP

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IT Stocks Crash: AI Threatens Sector, Wipes Out $104 Billion Market Cap

पिछले एक साल में 75 भारतीय IT कंपनियों का कुल बाजार मूल्य 100 बिलियन डॉलर से ज्यादा घट गया है।

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Moneycontrol•24-02-2026, 16:10

IT Stocks Crash: AI Threatens Sector, Wipes Out $104 Billion Market Cap

•Nifty IT index plunges 4.91%, with 75 Indian IT companies losing over $100 billion in market value in a year, exceeding Sri Lanka's GDP.
•Brokerages like Jefferies and CLSA warn of AI's impact on business models, revenue structures, and rising hardware costs.
•CitriniResearch's report, 'The 2028 Global Intelligence Crisis,' labels AI a system-level threat, questioning job creation patterns.
•Jefferies predicts AI could shift IT business towards consulting, reducing managed services revenue, making the sector more cyclical.
•JPMorgan offers a counter-view, stating AI won't easily end IT services demand due to the complexity of integrating large enterprise systems.

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