AI's Dual Impact: IT Priced In, Finance Sees Gradual Shift; Gold & Auto in Focus: Axis MF

• Axis Mutual Fund's Shreyash Devalkar highlights AI's influence on IT, financial services, and portfolio allocation.
• AI impact is more visible in IT sector growth expectations, with mid-single digit growth projected due to pricing pressure.
• Financial services will see gradual AI changes due to regulatory structures and prior digital transformation.
• Gold inflows reflect asset rotation and central bank buying, not a structural shift, with gold preferred over silver in multi-asset portfolios.
• Auto sector remains positive due to demand recovery and product cycle improvements, despite risks from commodity prices.