NVIDIA 15% price hike reshapes Indian IT investment bets
Business
Indian IT stocks got a boost this week after NVIDIA said it's raising prices by 15% by year-end.
The announcement triggered a sell-off in AI-focused stocks, making investors rethink how pricey AI investments really are.
With rising pressure on US interest rates, many are shifting their bets to steady IT service companies like Infosys and HCLTech.
Hexaware tops gains, majority revenue AI-infused
Hexaware grabbed attention as the top gainer, revealing that more than half its revenue is already "AI-infused." CLSA even predicts Hexaware's stock could jump 37% in the next year.
Despite this rally, major players like Infosys and Wipro remain down for 2026: Infosys by nearly 30%, Wipro by over 31%.
All these moves highlight just how unpredictable tech stocks can be right now.