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

Wipro ADRs rose 5% to a nearly two-month high despite muted September-quarter results. Revenue increased modestly, while net profit and deal bookings declined. The company forecast Q3 IT services revenue of $2.571 billion to $2.625 billion, and its CEO expressed optimism about upcoming bookings.