{
  "id": 16712866,
  "title": "TCS, Infosys, other IT stocks drop up to 3% as Anthropic IPO sparks rally in global AI stocks",
  "url": "https://urgent.news/2026/10/27/tcs-infosys-other-it-stocks-drop-up-to-3-as-anthropic-ipo-sparks",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-27T05:36:16.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/tcs-infosys-other-it-stocks-drop-up-to-3-as-anthropic-ipo-sparks-rally-in-global-ai-stocks/articleshow/135225464.cms"
  },
  "original_language": "en",
  "account": "Information technology giants such as Tata Consultancy Services, Infosys, Wipro, HCLTech and Tech Mahindra experienced a decline of up to 3% on Tuesday, as anticipation of Anthropic's initial public offering (IPO) surged global AI stocks. Anthropic, renowned for its Claude AI model, is preparing to list under the ticker ANT, potentially valuing the company at approximately $1.5 trillion. Despite the excitement surrounding the anticipated listing, Anthropic's rapid expansion has led to substantial infrastructure costs, significant losses, and questions about the long-term sustainability of its growth trajectory.\n\nThe sudden growth of AI-linked stocks has also bolstered Nvidia and Micro, two AI-linked stocks, which closed 3% higher overnight. Additionally, South Korea's KOSPI index surged 5%, while SK Hynix and Samsung gained more than 8% and 5% respectively. These indices are significant players in the South Korean AI market. Anthropic's financial disclosures have shed light on the scale of its growth and the costs associated with developing advanced AI models. The company reported a revenue increase of 45% sequentially to $16.8 billion in the third quarter, along with adjusted profitability for the quarter. However, Anthropic also disclosed a net loss of approximately $42 billion in 2025, with an accounting charge of around $34 billion, largely due to changes in the estimated value of financing instruments that could eventually convert into shares. Excluding these liability-related write-downs, the operating loss exceeded $8 billion.\n\nThe valuation debate surrounding Anthropic's IPO has intensified. Initially, some investors had speculated a valuation of around $2 trillion, but expectations have tempered following the latest financial disclosures and concerns about the pace of revenue growth. The sector's rally earlier this month, driven by strong second-quarter earnings, has cooled as investors question the sustainability of the returns from massive AI investments. Indian IT stocks have seen a decline after a sharp rally in October, fueled by strong earnings. While foreign investors have returned to the sector, purchasing IT stocks worth Rs 6,463 crore in the September quarter, Jefferies analysts suggest that the October rally has been driven by price-to-earnings (P/E) multiple expansion rather than genuine upgrades in revenue growth or earnings per share estimates.",
  "summary": "Indian IT stocks fell amid reports that Anthropic, the maker of Claude, is preparing for an IPO that could value it at around $1.5 trillion. While the listing would open up investment opportunities in a leading AI developer, rising infrastructure costs, mounting losses and concerns over growth sustainability remain key risks.",
  "key_points": [],
  "editors_take": "The massive capital requirements and heavy losses associated with Anthropic’s expansion signal a shift in investor focus from general IT services toward the high-stakes infrastructure driving the global AI rally.",
  "illustration": "https://urgent.news/ill/16712866.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Anthropic Files for IPO in Global Race to Raise Cash for AI",
        "url": "https://urgent.news/2026/10/26/anthropic-files-for-ipo-in-global-race-to-raise-cash-for-ai",
        "published": "2026-10-26T16:00:03.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul stocks rebound as Anthropic IPO revives AI investment sentiment",
        "url": "https://urgent.news/2026/10/27/seoul-stocks-rebound-as-anthropic-ipo-revives-ai-investment-sentiment",
        "published": "2026-10-27T08:02:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}