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Citrini Scare Marked the Bottom, Says Fund Betting on Bounce
Sydney-based hedge fund GCQ Funds Management said the bottom is in for the software selloff, snapping up about A$200 million ($143 million) worth of tech stocks caught in the downdraft.
Global IT stocks react to Nvidia rally and Salesforce’s cautious forecast
Nvidia reported strong growth, led by continued demand for AI and sharp expansion in its data centre business, indicating that investment in AI infrastructure is still rising. However, despite strong numbers, the stock reaction was muted as markets may already have priced in consistent earnings beats. Salesforce, while posting better-than-expected results, disappointed investors with weaker guidance, raising some concerns for software and SaaS companies, including Indian IT firms tracking global tech demand.
‘Death of Software?’ Anand Mahindra calls AI doom ‘Greatly Exaggerated’ amid IT stock crash
Indian IT stocks face sharp corrections amid AI disruption fears. Anand Mahindra advises against extreme AI doomsday predictions. He believes AI will pressure IT firms to adapt, focusing on outcomes and value delivery. While some roles may change, new opportunities in AI integration and governance will emerge.
Dynacons Systems wins order worth Rs 109 cr from Punjab & Sind Bank
Dynacons will oversee the design and implementation of the necessary IT infrastructure, underlying system software, and cloud services to support the deployment and hosting of the Bank's applications, including the Data Center and Disaster Recovery (DC-DR) environment.
CNBC's Inside India newsletter: As AI shockwaves hit software firms, what’s in store for India’s IT titans? - CNBC
CNBC's Inside India newsletter: As AI shockwaves hit software firms, what’s in store for India’s IT titans?CNBC
DeepSeek hides upcoming flagship AI model from US chipmakers like Nvidia, shows preview to Chinese Huawei: Report
For its forthcoming model, which was expected to be released around the Lunar New Year holiday, DeepSeek did not provide access to Nvidia and AMD and gave Chinese chipmakers, including Huawei, a head start of several weeks to optimize the software for their processors.
Nvidia CEO says stock market is wrong, AI agents like Claude Cowork will not replace legacy software tools - India Today
Nvidia CEO says stock market is wrong, AI agents like Claude Cowork will not replace legacy software toolsIndia Today
Brookfield’s CDK Posts 18% Earnings Drop as Software Fears Grow
Brookfield Business Partners-backed CDK Global reported a double-digit earnings decline in the fourth quarter, a sign of struggles at the company right as Wall Street scrutinizes how the software sector will hold up against advancements in artificial intelligence.
BillDesk to acquire Worldline India for ₹650 crore, expanding offline presence
BillDesk acquires Worldline India for ₹650 crore, expanding its offline payment terminals and omnichannel presence. The deal includes a long-term software agreement and strengthens bank partnerships.
TCS partners with GitLab to bring AI-driven automation to enterprise software
TCS and GitLab collaborate to deploy AI-powered DevSecOps, enabling enterprises to accelerate software development, modernise legacy systems, and ensure security and governance at scale.
Infosys, TCS, other IT stocks rebound after ₹1.1 lakh crore rout; Here are some positive triggers
From a rebound in software stocks on Wall Street overnight to oversold levels for domestic IT companies, some key factors have resulted in a relief rally for Indian IT companies after Tuesday's rout.
Dow Jones recovers nearly 50% of Monday's sell-off as software, tech shares see relief rally
AMD shares led the rebound in tech stocks on Tuesday as the 9% advance was triggered by a partnership with Meta Platforms. Software stocks like Salesforce also staged a rebound.