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Tuesday, October 27, 2026Updated 10:56 UTC

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TCS, Infosys, other IT stocks drop up to 3% as Anthropic IPO sparks rally in global AI stocks

Source: Economic Times · Oct 27, 2026 05:36 UTC

Trading floor of the New York Stock Exchange with banks of monitors — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Indian IT stocks fell amid reports that Anthropic, the maker of Claude, is preparing for an IPO that could value it at around $1.5 trillion. While the listing would open up investment opportunities in a leading AI developer, rising infrastructure costs, mounting losses and concerns over growth sustainability remain key risks.

Read the full story at Economic Times

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