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The Economic Times
The Economic Times
Veer Sharma

TCS, Infosys, Coforge, other IT stocks rally up to 10% after Nvidia-led chip rout. Is AI trade ending?

Infosys Coforge TCS Nvidia HCL Tech Wipro Micron Samsung SanDisk SK Hynix

Shares of Indian IT majors surged on Tuesday, with Infosys, TCS, HCL Tech, Wipro, Coforge and Tech Mahindra gaining up to 10%, as investors looked to the sharp sell-off in global AI-linked stocks for signs of a potential shift in sentiment towards the sector.

Nvidia, Micron and SanDisk plunged up to 11% in US trade overnight, followed by a steep sell-off in South Korea, where AI-focused stocks SK Hynix and Samsung fell up to 10%.

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