IT Stocks Plunge: ₹2.5 Lakh Crore Wiped Out in 3 Days Amid AI Fear

• Indian IT stocks experienced a sharp decline, with the Nifty IT index falling nearly 8% in three trading sessions.
• Approximately ₹2.5 lakh crore in market capitalization was lost due to the sell-off.
• New AI announcements, including Anthropic's automation tools and Palantir's AI platform capabilities, fueled investor panic.
• Experts predict AI could lead to a 9-12% loss in IT services revenue over 3-4 years, impacting areas like ERP and third-party software.
• While history shows adaptation to technological shifts, investors are advised to focus on strong companies and AI adoption for long-term opportunities.