The Economic Times

Infosys, HCLTech, other IT stocks gain on Nvidias likely price hikes. Are AI bubble worries coming true?

Indian IT stocks gained on Monday as reports of Nvidias potential server price hikes revived concerns over rising AI infrastructure costs and stretched valuations. The Nifty IT index rose over 1%, with Infosys and HCLTech among the gainers. Analysts, meanwhile, continue to debate whether Indias IT sector offers an anti-AI advantage.