IT Stocks Face Pressure: US Market Signals & AI Concerns Drive Decline

• Domestic IT stocks saw a sharp decline on Thursday, with US market signals adding further pressure.
• Infosys and Wipro's ADRs fell by over 8% and 5% respectively in the US market.
• Investor concerns about AI's impact on traditional outsourcing models are weakening sentiment.
• US markets, including Nasdaq, S&P 500, and Dow, are down by more than 1%.
• Global tech giants like Accenture, Cognizant, Apple, Amazon, and Cisco Systems also experienced significant drops.