Infosys and Wipro ADRs trade lower after IBM signals changes tied to clients’ artificial intelligence plans and reports results that miss quarterly expectations. According to NDTV, the ADR declines reach as much as 8% for both companies. The move in Infosys and Wipro’s shares follows a sharp drop in IBM stock: IBM shares fall as much as 23% in pre-market trading after the earnings miss and related commentary about how customers are adjusting their technology strategies. The reporting indicates that market reaction to IBM’s outlook and performance spills over to other large IT services providers that are exposed to similar enterprise spending cycles. While Infosys and Wipro do not make the specific claims attributed to IBM in the reports, their ADRs reflect investor sentiment about the broader industry outlook after IBM’s update. The articles focus on the timing and magnitude of the moves in ADR prices, linking the declines to the immediate market reaction to IBM’s earnings and guidance.