Nasdaq Futures Sink 1,000 Points As Global Tech Selloff Sparks I.T. Stock Pressure

Global technology stocks are facing intense selling pressure as Nasdaq futures plunge nearly 1,000 points, triggering weakness across major markets. The selloff has also impacted Indian equities, with IT stocks coming under pressure amid concerns over AI-related valuations and slowing growth expectations. Market expert Gaurang Shah believes the correction is linked to excessive optimism surrounding artificial intelligence and technology themes globally. Recent downgrades in major I.T. companies and concerns over AI spending have added to investor nervousness. While short-term volatility may persist, Shah remains constructive on Indian I.T. companies over a longer investment horizon, particularly for investors with a two-year-plus perspective.