IT Stocks Plunge Amid AI Fears: Should Investors Sell or Hold?

• Nifty IT index dropped significantly, with a 5% fall on Friday after a 5.5% slip on Thursday, marking its worst week since March 2020.
• Major IT firms like Infosys, TCS, HCLTech, Coforge, and Tech Mahindra experienced sharp declines.
• The sell-off is fueled by fears that AI could disrupt the Indian IT services industry and a correction in global AI-related stocks.
• Experts advise investors to hold onto their stocks, suggesting panic selling may not be a good idea.
• JPMorgan indicates that concerns about AI's impact on IT services might be overblown, as AI cannot fully replace enterprise-grade software.