AI and market shifts hitting TCS, Wipro growth: Nomura
According to Nomura, Infosys, TCS, and Wipro are dealing with immediate hurdles caused by AI-related changes, reduced tech budgets, and broader global economic instability. While the firm has reduced its price targets for various IT companies, it maintains a positive outlook on the industry's future. Experts anticipate that spending on artificial intelligence, cloud computing, and digital upgrades will eventually spark fresh expansion.
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