Business
Anthropic hack puts IT stock pack on slide row in February; Nifty IT’s 19% fall worst since 2008 crisis
The index declined in 12 out of 21 trading sessions, wiping out nearly Rs 5.7 lakh crore in market capitalisation during the month, according to data from the ET Intelligence Group.
Selling pressure intensified after Anthropic, a US-based artificial intelligence firm, unveiled its tools Claude Cowork and Claude Code, triggering a sell-off in technology services stocks across the US and India.
ETMarkets.comOn Friday the Nifty IT index edged up 0.16% to 30,603.85, even as the benchmark Nifty fell 318 points, or 1.25%, to 25,178.65. The Nifty has declined 0.6% for the month.
Among individual stocks, Coforge, LTIMindtree, Tech Mahindra, Persistent Systems, and Infosys fell more than the index, dropping between 21% and 28%, with Coforge the worst hit. Oracle Financial Services declined the least, by 10.7%, followed by Wipro, while Tata Consultancy Services, Mphasis and HCL Technologies fell by 15–18%.
Form 144 ALNYLAM PHARMACEUTICALS For: 27 February
Form DEF 14A Adobe Inc. For: 27 February
Lithium bottom is in: global demand set to jump 25% as EV market recovers
Business
Berkshire Maven Bloomstran Says Stock Is Cheap Versus Intrinsic Value, Can Deliver 10%-Plus Returns
Berkshire Maven Bloomstran Says Stock Is Cheap Versus Intrinsic Value, Can Deliver 10%-Plus Returns
Nvidia NVDA -4.16%decrease; red down pointing triangle now makes more revenue in a single quarter than most other chip companies generate in an entire year. In a turbulent market awash in a new class of AI fears, that’s no longer enough.
The chip maker’s fiscal fourth-quarter results Wednesday showed why the company remains the undisputed leader in artificial-intelligence computing. Revenue of $68.1 billion was up 73% from the same period a year earlier and represented the company’s best growth rate in four quarters. Nvidia projected an even higher growth rate for the current quarter, and that forecast actually beat Wall Street’s consensus target by the widest range in two years, according to FactSet data.
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Form 144 CONSOLIDATED EDISON INC For: 27 February
Pakistan, Afghan Taliban forces clash as diplomatic efforts intensify
Netflix Declines to Match Paramount’s Offer for Warner Bros.
Business
US Stocks: Trump Media considers spinning off Truth Social into public company, reports wider annual loss
The company is in discussions with TAE Technologies and Texas Ventures Acquisition III about the proposed transaction, the company said on Friday.
Under the proposal, shares in the spun-off company would be distributed to eligible TMTG shareholders, after which the new entity would merge with a special purpose acquisition company.
This would separate TMTG’s social media and digital media assets from its recently announced fusion energy venture, effectively splitting the company into two publicly traded businesses with distinct strategies.
The Truth Social-parent’s net loss widened to $712.3 million in 2025 from $400.9 million a year earlier, mostly reflecting unrealized losses from the company’s purchase of bitcoin and Cronos.
TMTG ended 2025 with about $2.5 billion in financial assets, more than triple the $776.8 million it had a year earlier, the company said. Net sales edged up to $3.68 million from $3.62 million in 2024.
Founded by Trump and known for its Truth Social platform aimed at conservative audiences, TMTG has faced challenges scaling its media business amid competition from larger social networks and uneven user growth. It is now seeking to reposition itself beyond its core Truth Social platform and tap investor interest in emerging energy technologies.
TMTG said no definitive agreement has been reached on the spin-off and discussions are ongoing. In December, TMTG agreed to merge with TAE in an all-stock deal valued at more than $6 billion, marking a pivot toward fusion energy and the creation of a publicly traded company focused on developing utility-scale power plants to help meet rising electricity demand, including from AI data centers.
TAE Technologies is a California-based private company developing advanced nuclear fusion technology that has raised more than $1 billion from investors, including Alphabet’s Google and Chevron.
The startup focuses on a form of fusion designed to produce electricity without releasing large amounts of neutron radiation, reducing radioactive waste.
Cuba says attacking speedboat had nearly 13,000 rounds of ammunition
Iran latest: Explosion heard in Tehran after Israel says it has launched ‘preventative attack’
Form 144 ALNYLAM PHARMACEUTICALS For: 27 February
Bitcoin drops to $63,000 as U.S. and Israel launch strikes on Iran
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