TCS

Slips 👑📉

For the first time since December 2020, Tata Consultancy Services

saw its market cap fall below ₹10 lakh crore, slipping behind ICICI Bank, after already trailing State Bank of India. That’s not just a stock move, that’s sector rotation in action. Add to this the sharp fall in the Nasdaq Composite, triggered by AI disruption fears and tech-spend uncertainty. With over half of TCS revenue coming from North America, global jitters hit harder. Right now, it’s not panic, it’s positioning. Capital is flowing into Financials and domestic plays, while IT faces valuation compression and sentiment pressure. The real question: temporary AI scare or beginning of a new tech cycle shift?