IT stocks rebound as Anthropic CEO flags AI spending risks

Jessica Rajan, Published on Jun 22nd, 2026

IT stocks rebound as Anthropic CEO flags AI spending risks

Indian IT stocks rebounded on June 22, ending a two-day decline after comments from Anthropic CEO Dario Amodei highlighted the need for AI companies to generate massive revenues to justify rising infrastructure investments. The IT index, which tumbled 3.7% on Friday after Accenture's weak demand forecast, rose 1.2%. Coforge, Tech Mahindra and OFSS led the gains.

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