On the first day of listing, Indian AI concept stock Fractal Analytics dropped by about 5%.

Fractal Analytics, an Indian company, saw its stock drop by about 5% on its first day of trading on Monday. Concerns over artificial intelligence tools potentially disrupting existing business models have caused a recent sell-off in software and data analytics company stocks, prompting investors to remain cautious. Established in 2000, Fractal Analytics is an enterprise-level artificial intelligence company with multiple Fortune 500 clients, dedicated to helping clients make business decisions using data, analysis, and artificial intelligence. Vipul Bhowar, Senior Director of Wealth Management company Waterfield Advisors, stated, "The IPO was in line with expectations, as the premium enjoyed by Fractal Analytics stock in the private market over a week ago has disappeared, due to concerns about artificial intelligence disrupting traditional software and data analytics companies."