Economy
Infosys shares surge 6% as Anthropic AI safety warnings fuel tech market rally

Infosys shares surge 6% as Anthropic AI safety warnings fuel tech market rally

Livemint49m
THE BRIEF
1

Infosys share price jumped nearly 6% to an intraday high of ₹1,097.40 on BSE following Anthropic CEO Dario Amodei's call for a slower pace of AI development due to safety risks.

2

The broader Nifty IT index rallied 5% as major tech companies including TCS, HCL Technologies, and Wipro posted robust gains amid reassessed tech valuations.

3

Analysts note that a measured AI development cycle could ease obsolescence concerns, boost enterprise digital spending, and extend monetization windows for IT vendors.