The Economic Times

Frightful February for IT stocks: How Anthropics 6 AI tools sparked a multi-billion dollar meltdown in 4 weeks

Indian IT stocks have seen a sharp downturn in February, with the Nifty IT index dropping 21%. This decline was triggered by new AI launches and capabilities from startup Anthropic, raising investor concerns about potential disruptions to the sector. Major IT firms experienced significant single-day losses following these developments.