智通财经网·2026-02-24 07:13Core Viewpoint - The market's concern over the impact of artificial intelligence (AI) on related companies has intensified, leading to a significant sell-off in Indian software service stocks, particularly highlighted by a report from Citrini Research [1][3]. Group 1: Market Reaction - The Nifty IT index in India experienced a drop of nearly 5% on Tuesday, marking its potential fifth consecutive day of decline [1]. - Since the beginning of the month, Indian tech stocks have cumulatively fallen by approximately 20%, resulting in a market capitalization loss exceeding $54 billion [3]. Group 2: Report Insights - Citrini Research's report outlines potential risks posed by AI to various sectors of the global economy, including scenarios of white-collar job losses and economic contraction by 2028, although it clarifies that these are merely hypothetical scenarios and not predictions [1]. - The report specifically mentions that companies such as Tata Consultancy Services (TCS), Infosys (INFY.US), and Wipro (WIT.US) may face an acceleration in contract cancellations by 2027 [1]. Group 3: Competitive Landscape - The report indicates that the entire business model of Indian IT relies on a core advantage: the significantly lower cost of Indian developers compared to their American counterparts. However, the marginal cost of AI programming assistants has now dropped to a level comparable to just electricity costs [3]. - The negative sentiment surrounding Indian IT services has also affected the U.S. market, with logistics, payment, and software stocks generally declining, and IBM (IBM.US) experiencing its largest single-day drop in 25 years [3].