Nasdaq Outperforms Nifty IT Amid AI Shift

The Nifty IT index fell about 20% in February while the tech-heavy Nasdaq declined roughly 4%, analysts reported, citing ETF data from NSE and Motilal Oswal. Experts attribute the divergence to index composition differences: Nasdaq contains product-led AI firms like Nvidia and Microsoft, while Nifty IT is services-led and faces automation-driven margin pressure. The shift suggests investors should monitor AI platform investments, deal pipelines, and earnings visibility for Indian IT firms.