Technology services stocks are currently shorted globally. Investors flock to AI themes, overlooking IT services. The IT sector experienced deceleration, while hyperscalers grew. AI adoption is at the Proof of Concept stage. Indian IT has weathered transitions, adapting to new growth paths. AI’s impact on IT services is expected to be modest. Enterprises struggle with AI implementation.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets