Is GPT-6 Astra the reason for the IT sector sell-off ?
Almost the entire IT sector is down today (TCS, Infosys, Hcl tech, Wipro, Tech Mahindra, Persistent, etc.) as shown in the screenshot.
Is this mainly due to the recent GPT-6 Astra release and increasing concerns about AI disrupting the IT services industry, or is today’s fall more because of broader factors like rising crude prices, geopolitical tensions, Fed rate worries, etc.?
Do you think this is just a short-term correction, or is the market starting to price in a long-term threat to the traditional Indian IT services model?
Curious to hear everyone’s thoughts!