IT stocks tumble on OpenAI's push into AI adoption
- Posted on May 13, 2026
- By Business News Today
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- 1 min read
IT stocks tumble on OpenAI's push into AI adoption
Indian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% to a three-year low. This decline was triggered by OpenAI's substantial investment in AI adoption, raising concerns about its impact on traditional software services business models.
