Indian AI concept stock Fractal Analytics drops about 5% on its first day of listing

Gelonghui, February 16th｜Shares of India's Fractal Analytics fell about 5% on their first day of listing on Monday, as recent sell-offs in software and data analytics companies—driven by concerns that artificial intelligence tools could disrupt existing business models—kept investors cautious. Founded in 2000, Fractal Analytics is an enterprise-level artificial intelligence company with several Fortune 500 clients, dedicated to helping clients make business decisions using data, analytics, and artificial intelligence. Vipul Bhowar, Senior Director at wealth management firm Waterfield Advisors, said: “The listing was in line with expectations, as the premium enjoyed by Fractal Analytics shares in the unlisted market disappeared more than a week ago due to concerns that artificial intelligence will disrupt traditional software and data analytics companies.”