AI Scare’s $56 Billion Hit Tests Resilience of India’s IT Stocks

Signage on AI at the Mumbai Tech Week in Mumbai in 2025.Photographer: Indranil Aditya/Bloomberg

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By Alex Gabriel Simon and Ashutosh Joshi

February 16, 2026 at 11:30 PM UTC

Updated on

February 17, 2026 at 2:30 AM UTC

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For investors bullish on India’s technology services industry, the “AI scare trade” has created an opportunity to buy shares of companies that are able to survive the doomsday predictions.