Infosys and Changxin Memory Technologies are affected by market pressures, including falling oil prices due to US-Iran talks, investor concerns over weak IT spending, and pressure on semiconductor stocks due to AI spending concerns.
2 reports, 1 independent
Updated Jul 29
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What happened
Infosys and Changxin Memory Technologies are affected by market pressures, including falling oil prices due to US-Iran talks, investor concerns over weak IT spending, and pressure on semiconductor stocks due to AI spending concerns.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Indian IT sector faces headwinds, rivaling Korean companies in capacity expansion.1 source
Infosys and Changxin face market headwinds from oil price drops, IT spending cuts, and AI sector pressures.1 source
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The entities involved
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Infosys
Indian multinational technology company
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.
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Changxin Memory Technologies
Chinese semiconductor manufacturer
Related events
Coverage
Newest first; wire copies grouped- indiatimes.com
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