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HomeMarket NewsTCS, Infosys, Wipro shares slide as AI fears drag Nifty IT down over 4%
Ed Yardeni, President of Yardeni Research, said investors are shifting towards so-called “AI immunity” stocks in traditional sectors such as energy and industrials, a trend he believes makes sense.
By Alpha Desk February 12, 2026, 9:58:32 AM IST (Updated)
The Nifty IT index dipped over 4% early on February 12, gripped by a fresh wave of anxiety that artificial intelligence could disrupt traditional software and IT services businesses.
The weakness followed fresh advances in enterprise AI tools, which raised concerns that automation could threaten existing software models, offsetting optimism from strong US economic data and spilling over into broader IT stocks.
Ed Yardeni, President of Yardi Research. said “It was kind of like Game of Thrones… and suddenly, with AI, they're [tech companies] all competing with each other.”
He warned that heavy spending on AI infrastructure is adding uncertainty for returns in the software and large-cap technology space.
(Edited by : alphadesk)
First Published:
Feb 12, 2026 9:48 AM
IST
