Wipro ADRs surge 5% to two-month high despite Q2 profit dip: Is anti-AI trade driving gains?

Wipro's American Depositary Receipts (ADRs) surged 5% to a nearly two-month high despite a dip in its second-quarter profit. Revenue increased modestly, while net profit and deal bookings declined. The company forecast its IT services revenue for the third quarter to be between $2.571 billion and $2.625 billion, and its CEO expressed optimism about upcoming bookings.