Infosys shares dipped following a 21% profit rise, as a weaker-than-expected FY27 revenue growth forecast of 1.5% to 3.5% disappointed experts. Concerns also include a headcount drop and fewer new deals. Analysts are divided, with some maintaining ‘Hold’ and others ‘Buy’, but most have lowered price targets, citing macro uncertainties and AI’s impact.
AI stocks retreat as Democratic sweep puts data centre boom in focus
AI-related stocks came under pressure on Wednesday despite a broader Wall Street rally following the Democratic sweep of Congress. Data centre companies CoreWeave, Iren and