Devina Mehra on IT Stocks: No Panic Selling or Bottom-Fishing Amid AI Shift

• Devina Mehra advises against emotional reactions to the AI-led narrative in the IT sector, stating it's not a time for panic selling or aggressive bottom-fishing.
• She believes AI represents a transition, not an existential threat, for Indian IT services, which have historically adapted to major shifts like Y2K and cloud computing.
• Mehra highlights that AI's biggest impact will be on employment, as IT may no longer be a mass employer for the Indian economy, despite companies adapting.
• She notes that large IT companies have been preparing for AI for years, and integration of new technologies into complex enterprise workflows will still require IT service providers.
• Mehra cautions that AI will compress revenues and delivery intensity, requiring fewer engineers and new commercial models, and flags slower IT hiring as a broader economic concern.