Indian IT Stocks Nearing 2008 Crash-Era Valuations: Wedbush's Moshe Katri

• Wedbush's Moshe Katri states Indian IT stocks are nearing valuation bottom after Nifty IT index fell over 16% in a month.
• Katri suggests current multiples are close to 2008 market crash levels, indicating 'real value' in the industry.
• He dismisses the idea of AI making IT services obsolete, emphasizing the critical role of integrated enterprise systems.
• Katri believes the IT sector will be foundational to AI adoption, not its casualty, and expects increased spending.
• Tier one offshore companies and digital IT services firms are well-positioned to benefit from future AI investments.