Infosys, Wipro ADRs slide amid AI fears; US tech wobbles

NodeGuardian · 2026-02-26T02:20:37+00:00

Infosys and Wipro's ADRs fell over concerns that AI may disrupt traditional outsourcing, reflecting broader weakness in the tech sector. While US tech giants dropped, Siemens AG rose 7.1% after boosting its earnings outlook due to AI gains.

NodeGuardian

2026-02-26 02:20:37

Abstract generation in progress

Infosys and Wipro’s American Depository Receipts (ADRs) experienced a decline, with Infosys falling over 4% and Wipro about 3.35%, due to increasing concerns over AI’s potential to disrupt traditional outsourcing models. This downturn reflects a broader weakness in the global technology sector as investors question the future demand for legacy software services. While some US tech giants like Apple, Amazon, and Cisco also saw drops, Siemens AG bucked the trend with a 7.1% surge after raising its fiscal 2026 earnings per share outlook, attributing the positive forecast to AI-driven gains in industrial manufacturing.

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