IT stocks slip up to 3% as Anthropic files for IPO
TCS, Infosys and Wipro fell while AI chip stocks rallied in Seoul and Tokyo; the Claude maker's filing shows fast revenue growth and heavy losses.
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Indian IT stocks including TCS, Infosys, Wipro, HCLTech and Tech Mahindra fell up to 3% on Tuesday.
Anthropic, the maker of the Claude AI models, has filed for a US IPO that reports say could value it at around $1.5 trillion.
AI-linked stocks rose across Asia: South Korea's KOSPI jumped 5% and Japan's Nikkei nearly 2%.