For investors bullish on India’s technology services industry, the “AI scare trade” has created an opportunity to buy shares of companies that are able to survive the doomsday predictions.
A gauge including Tata Consultancy Services Ltd. and Infosys Ltd. has shed $56 billion in combined market value since Anthropic PBC released a tool seen as a threat to their business models. The slide in Indian tech firms has stood out in Asia, a region whose large hardware industry is seen as indispensable to the AI ecosystem.
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