Infosys Stock Soars After Company Raises Outlook as AI Demand Drives IT Spending

Key Takeaways INFOSYS LTD, 1D, NSE Infosys stock price chart YTD -- TradingView The improved outlook comes as companies increase spending to invest in AI. Gartner forecasts global IT spending to jump in 2024, driven by AI. Gartner projected that IT services spending will grow to $1.61 trillion, a 7.1% jump from the spending recorded the year prior. William Blair analysts said that it is still in the "very early stages of an AI revolution" indicating that investment spending is expected to continue into 2025 ...