AI reset erases nearly half of IT majors’ value
Published on: May 15, 2026, 5:43 a.m. | Source: The Economic Times
India's top software exporters are projected to lose $200 billion in market value from their peaks due to disruptive AI technology. The aggregate market cap has already fallen by 45% since December 2024, with TCS and Wipro experiencing over 50% declines. This erosion, while significant in absolute terms, is not unprecedented for the sector.
