Anant Raj Stocks Plummet Amidst AI Revolution and Market Turmoil

Anant Raj Stock Plunge Reflects Global Tech Unrest

Anant Raj's stock has recently witnessed a sharp decline, plummeting by nearly 20% in reaction to a worldwide sell-off impacting technology stocks. This downward trend aligns with the introduction of a cost-effective Chinese AI model by DeepSeek, which has swiftly garnered attention, surpassing competitors like ChatGPT, and influencing a broader market downturn.

The shares of Anant Raj experienced a significant drop, reaching an intraday low of Rs 536.05 on the BSE as of January 28. This downturn mirrors global apprehensions surrounding emerging Chinese AI technologies priced below current market standards.

While Anant Raj is renowned in the real estate sector, it has broadened its operational scope, venturing into data center services through Anant Raj Cloud. This subsidiary focuses on delivering secure and dynamic solutions tailored to diverse business needs.

As part of its strategic expansion, Anant Raj Cloud entered into a partnership with Google in July 2024. This collaboration aims to develop AI-enhanced solutions geared towards augmenting infrastructure, productivity, and security.

However, the introduction of a Chinese AI model threatens the predominance of existing key players within the AI field globally.

Last week, the Chinese enterprise DeepSeek unveiled a complimentary AI tool that boasts reduced data usage and minimal costs as compared to established services. By the following Monday, this AI assistant had surpassed its US competitor, ChatGPT, in downloads on Apple’s app store.

Additionally, the launch of this AI assistant contributed to a significant $592.7 billion reduction in Nvidia's net worth as of Monday.

This market volatility is echoed in the spectacular 3.1% plummet of the tech-dominated Nasdaq in the US markets on Monday, influenced heavily by sell-offs in Nvidia, Broadcom, and Philadelphia stocks.

Anant Raj's Stock Performance Overview

Over the past year, Anant Raj's stock has surged impressively by 69.24%. Nevertheless, it has encountered notable setbacks in the short-term to medium-term period. Specifically, it has decreased by 38.29% over the last week, 35.57% over two weeks, 35.14% in the past month, and 21.46% over the past three months.