AI Scare Haunts Tech Giants: Infosys, TCS, Wipro Face Sell-Off

• Global AI fear continues to impact investors, leading to a sell-off in tech stocks.
• Infosys, Cognizant, and Wipro ADRs saw significant drops on Wall Street.
• Accenture's drawdown extended to 43%, returning to November 2020 levels.
• The fear of AI displacing traditional software services overshadowed positive US jobs data.
• New Anthropic AI plug-ins for Claude Cowork agent are seen as a potential disruptor to current software business models.