Last updated:February 14, 2026, 12:32 IST
Anthropic’s AI tools caused a sharp decline in Indian IT stocks like TCS, Infosys and Wipro, eroding their market capitalization of Rs 3,118.73 billion.
Anthropic’s valuation exceeds the combined value of all of India’s IT companies
The entire information technology (IT) industry in India is suffering from an existential threat coming on the heels of the rise of generative AI, raising questions about the viability of business models.
Stocks in the IT industry, including Tata Consultancy Services (TCS), Infosys, Wipro, etc., have been badly hit in the past week. This was prompted by the launch of a new AI tool by Anthropic’s Claude for Cowork. It’s like an office teammate who helps users with tasks like sorting files or reading draft legislation.
Recommended stories
From TCS to Infosys: Top IT stocks wipe out market cap of Rs 3,000 crore
Black Friday for IT stocks? TCS, Infosys and Wipro appear to be under pressure due to US tech recession
Infosys, TCS, TechM and other IT stocks fall by up to 5% as AI concerns reignite after US employment data
Stocks to watch: Coal India, IRCTC, SpiceJet, Wipro, Infosys, Gail India, Biocon, and others
Anthropic valuation vs Nifty IT Index
Anthropic’s incredible valuation rise has surpassed the combined valuations of India’s top IT companies. The US-based AI company, valued at $380 billion, has overtaken India’s Nifty IT index, which had a market capitalization of $296.4 billion at the time of writing.
Investors are accelerating their exit from tech stocks amid growing concerns that advanced artificial intelligence tools could disrupt core sectors of the global software and IT services industry.
This week alone, TCS, Infosys and HCL Technologies have fallen 9-11%.
The sharp correction wiped out large amounts of investor wealth. Based on intra-day lows, the combined market capitalization of the top five domestic IT companies has declined by nearly Rs 3,11,873 crore this week.
TCS emerged as the biggest laggard, losing a market capitalization of Rs 1,28,800 crore, taking its market capitalization to Rs 9,35,253 crore. This decline moved the listed company’s market capitalization from fourth to fifth place.
Infosys’ market capitalization fell by 15% this week, shedding Rs 91,431 crore. HCL Technologies has lost market value of Rs 53,647 crore in the last five trading sessions. Wipro and Tech Mahindra also recorded declines, with their market capitalizations decreasing by Rs 22,762 crore and Rs 15,233 crore, respectively, during the same period.
Source: Bloomberg
Anthropic’s recent funding round
Anthropic recently raised $30 billion in Series G funding led by GIC and Coatue, valuing Anthropic at $380 billion post-money, the company announced in a press release.
This investment will fuel the cutting-edge research, product development, and infrastructure expansion that makes Anthropic a market leader in enterprise AI and coding.
Click here to add News18 as your preferred news source on Google.
February 14, 2026, 09:15 IST
read more
