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IT stocks tumble as OpenAI bets big on AI adoption upending software business models
Economy
Published on 13 May 2026
OpenAI is investing at a scale that worries vendors
Indian IT shares fell sharply on Tuesday, dragging the Nifty IT index down 3.7% to a three-year low. The selloff followed reports of OpenAI making a major push to speed AI adoption, fueling fears that the move could disrupt traditional software services business models and margins for established players.
- Nifty IT index dropped 3.7% to a three-year low
- OpenAI’s push into wider AI adoption sparked the selloff
- Investors worry AI could weaken traditional software services models
- Market reaction highlights uncertainty over future revenue mix
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times