Broadcom's Hock Tan and Intel's Lip-Bu Tan both flag access to capital, not chips or power, as AI's binding constraint. India's IT index jumped 3.3%, TCS +7%, HCL Tech +5% on Q2, as Korea's tech marke

What happened: Indian IT stocks rallied up to 7%, with the Nifty IT index gaining 3.3%, as concerns over rising AI investment costs and uncertain returns rattled global technology stocks. Key numbers: Nifty IT index up 3.3%. IT stocks up to 7%. Rs 26,340 crore added. OpenAI September annualised revenue nearly $50 billion, below earlier indicated $70 billion. Why it matters: Broadcom and Intel executives flagged capital constraints, prompting investors to reassess the AI boom. OpenAI's revenue came in below its earlier indicated figure.

IT stocks rallied up to 7% adding Rs 26,340 crore in minutes.

IT stocks rallied up to 7% adding Rs 26,340 crore in minutes. — impact context not separately stored; see What changed.