E2E Networks shares hit the lower circuit for the second consecutive session on Wednesday, extending their decline for the fourth straight day since October 15. The stock fell 5 percent to Rs 627.15 per share on the NSE, its lowest permissible trading limit for the session. The decline extended to other AI-related stocks amid selling pressure in global AI stocks over concerns about the cost of financing the expansion of AI infrastructure.

Concerns over CoreWeave's debt burden also contributed to the selling pressure in global AI stocks. Fears that higher interest rates could curb investments in AI infrastructure have weighed on technology stocks, particularly chipmakers and data centre operators. The selloff reflects growing investor concerns over how the rising costs of AI development and infrastructure will be financed. In the domestic market, Black Box shares fell 1.55 percent to Rs 880.75 on the NSE, while Netweb Technologies India declined 0.36 percent to Rs 4,683 per share around 12.50 pm.