Indian IT Stocks Fall As Anthropic IPO Revives AI Investment Fears; Infosys, TCS And Wipro Among Losers

Indian information technology (IT) stocks fell on Tuesday as Anthropic’s planned initial public offering (IPO) renewed investor interest in artificial intelligence (AI) stocks and raised fresh concerns about a recovery in traditional technology services.

Infosys, Tata Consultancy Services (TCS), Wipro and other major IT stocks in India traded lower as investors reassessed whether the recent shift away from AI-related stocks would last.

At 11:45 AM, Infosys share price was down 1.26% to ₹1,151.35. Meanwhile, TCS fell 1.70%, while Coforge and Persistent Systems lost 1.68% and 1.16%, respectively. Wipro, Mphasis, HCL Technologies and Tech Mahindra also traded lower, with all 10 Nifty IT index constituents in the red.

Why Are Indian IT Stocks Falling?

The latest decline comes after the sector rallied earlier in October on hopes that heavy AI investments would eventually slow, allowing spending to return to traditional IT services. However, developments in the US have challenged that view.

Anthropic, the company behind the Claude AI models, has reportedly begun preparing for a public listing. The Anthropic IPO has drawn attention to the continued demand for AI infrastructure, computing capacity and enterprise applications.

The IPO filing has provided fresh momentum to the AI theme. Semiconductor stocks rallied, with the iShares Semiconductor ETF rising nearly 3%. Nvidia gained 2.4%, Micron advanced 3%, Broadcom climbed 2.3%, and AMD added 2.8%.

Asian markets also reflected the renewed interest. South Korea’s Kospi and Japan’s Nikkei 225 gained around 2% and 4%, respectively, amid stronger demand for AI-related stocks.

What Does Anthropic’s Growth Mean For IT Companies?

Anthropic reported $16.3 billion in revenue for the first half of 2026, but its net loss reached $80.7 billion over the same period. The figures show the gap between the company’s growing sales and the cost of running its AI business. Despite its rapid revenue growth, the company does not expect to maintain comparable growth rates in the future.

For Indian IT service providers, the concern is that technology budgets are increasingly directed towards AI infrastructure, software, cybersecurity and data modernisation. Traditional maintenance and support services face pricing pressure as clients look for efficiency gains.

Some investors had hoped companies would spend less on building AI systems and return to regular IT services. But Anthropic’s IPO plans and the gains in chip stocks suggest that investment in AI is still going strong.

For Indian IT firms, that means traditional services could remain under pressure. Clients are spending more on AI tools and infrastructure, leaving companies to deal with tighter pricing and questions over where future revenue growth will come from.

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