Infosys, HCLTech, other IT stocks extend decline led by Anthropic's AI tool; Jefferies sees 'more pain ahead'

IT stocks: Jefferies sees 'more pain ahead' for IT sector Anthropic’s Cowork plug-ins highlight how AI could erode application services revenue, which accounts for 40–70% of IT firms’ topline

Feb 5, 2026 - 16:00
 0  18
Infosys, HCLTech, other IT stocks extend decline led by Anthropic's AI tool; Jefferies sees 'more pain ahead'
IT stocks: Jefferies sees 'more pain ahead' for IT sector Anthropic’s Cowork plug-ins highlight how AI could erode application services revenue, which accounts for 40–70% of IT firms’ topline

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow