SHARE OF AI LINKED STOCKS TUMBLE UP TO 8 PERCENT

HFCL Shares of Indian companies associated with artificial intelligence witnessed sharp selling on Friday, tracking a broader sell-off in global technology stocks amid growing concerns over tighter regulations in the AI sector. HFCL shares hit the lower circuit limit during the trading session, extending losses from the previous day. CG Power and Industrial Solutions declined more than 8 percent, while GE Vernova T&D India dropped 5.5 percent. HFCL manufactures optical fibre cables, telecom products and networking equipment. CG Power operates in the electrical equipment segment, producing transformers, motors and generators, while GE Vernova T&D India provides power transmission and distribution equipment and solutions. Among other AI-linked companies, E2E Networks shares also touched their lower circuit limits, while ESDS Software Solution declined around 5 percent. Both companies operate in the cloud computing and data centre space, providing infrastructure that supports AI applications and computing workloads. MTAR Technologies fell as much as 5 percent, extending its losses from the previous trading session. The company manufactures precision engineering products for industries such as aerospace, defence, clean energy and nuclear power. Black Box shares declined more than 6 percent, while Hitachi Energy India slipped over 4 percent. Black Box provides technology infrastructure and digital solutions, whereas Hitachi Energy India offers products and services for power transmission, distribution and grid infrastructure. Anant Raj shares also dropped more than 5 percent. The real estate developer has expanded its business into digital infrastructure, including data centres designed to support AI-related computing requirements.