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IT stocks rebound as Anthropic CEO flags AI spending risks
short by Jessica Rajan / on Monday, 22 June, 2026
Indian IT stocks rebounded on June 22, ending a two-day decline after comments from Anthropic CEO Dario Amodei highlighted the need for AI companies to generate massive revenues to justify rising infrastructure investments. The IT index, which tumbled 3.7% on Friday after Accenture's weak demand forecast, rose 1.2%. Coforge, Tech Mahindra and OFSS led the gains.
read more at Moneycontrol