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Stock impact report

Asian software stocks plunge after U.S. peers decline on fears over AI-led disruption [CNBC]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: CNBC
The latest crash in prices comes on the back of Anthropic rolling out new legal tools for its Cowork product. Engineer working with statistical analysis report. Digital technology and Artificial Intelligence (AI) concept. Kmatta | Moment | Getty Images Wall Street's fears around artificial intelligence-driven disruption affecting software companies made their way into Asia on Wednesday, with tech stocks in the region tracking declines overnight in U.S. peers. Japanese software firms in Asia led declines in the region. TIS , a major Japanese information technology services provider and systems integrator, plunged over 15%. Trend Micro lost over 8%, while NS Solutions declined nearly 7%. Shares of IT companies in India, Asia's software powerhouse, dropped, with the the Nifty IT index down nearly 6%. Major IT companies such as Tata Consultancy Services and Infosys dropped 5.8% and 6.2% respectively. Indian IT companies were among the top gainers on Tuesday, following the ann Show less Read more
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