IT Stocks, Feb. 18 -- Shares of software and technology firms remained under pressure in overnight deals on Wall Street on Tuesday, February 17 as investor sentiment remained weak from growing fears of AI-driven disruption and diminishing expectations of a near-term interest rate cut by the US Federal Reserve. Concerns that rapid advances in artificial intelligence could upend existing business models continued to weigh heavily on the sector.

Several IT services stocks posted notable declines. EPAM Systems fell 2.5%, while Globant slipped 1.9%. Cognizant dropped 2.06%, and Accenture lost 1.94%. Among Indian IT firms listed in the U.S., Infosys ADRs edged up 0.20%, bucking the broader trend, while Wipro ADRs declined 2.14%.

Infosys, Tata...