Indian IT stocks slid to three-year lows after OpenAI announced a venture aimed at deploying AI directly for enterprises. With Anthropic reportedly pursuing a similar model, investors worry traditional service integration work could be squeezed. The selloff also reflects broader anxiety that AI disruption may intensify amid persistent geopolitical uncertainty affecting the sector.
Alphabet’s cloud unit delivered a major upside, with revenue jumping 63% to $20 billion and beating estimates as enterprises splurged on AI infrastructure. The company’s overall results also topped forecasts, aided by a near-doubling cloud backlog. Analysts point to Gemini momentum and Apple partnership as Alphabet pushes deeper into the AI race.
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Data-storage stocks jumped after Seagate Technology delivered a bullish revenue and profit forecast, reinforcing expectations that enterprises will keep spending on AI-related equipment. With more firms investing in data drives and storage infrastructure, the sector’s demand outlook looks supported beyond near-term upgrades, boosting investor confidence across storage plays.
SuperOps has laid off around 60 employees, about 30% of its workforce, saying the move is part of an AI-led restructuring to boost efficiency. The cuts are largely from its engineering team and aim to shift the MSP platform deeper into automation and AI-driven product delivery, including its “Monica” assistant. The action mirrors a broader AI-driven layoff trend across startups and big tech.
Asus says its commercial PC business in India jumped 170% in 2025, underscoring a stronger push into corporate and enterprise demand. Speaking at company level, Asus Global co-CEO Samson Hu pointed to aggressive investment and rapid global scaling, with India positioned as a key growth market for its commercial strategy.
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