AI-led IT Selloff Overdone, Not Time to Exit: Edelweiss AMC CIO Trideep Bhattacharya

• Edelweiss AMC CIO Trideep Bhattacharya believes the AI-led IT selloff is overdone and not the time for investors to exit.
• He states that while AI will transform businesses, markets tend to overreact in the short term.
• Bhattacharya suggests that corrections offer opportunities to gradually accumulate quality IT names, as valuations approach attractive levels.
• The fund has increased exposure to financial services, expecting credit growth to recover to 13-15% in 6-12 months.
• He advises caution on gold after its recent rally, suggesting investors consider trimming exposure rather than increasing it.