IT Industry to Emerge Stronger Despite AI Concerns: Standard Chartered Securities' Gaurav Dua

• Standard Chartered Securities advises patience for IT investors, viewing current pressure as a familiar transition phase.
• CIO Gaurav Dua highlights the IT industry's history of reinvention through multiple structural disruptions, including Y2K and dot-com bust.
• AI is seen as the next major shift, accelerating enterprise tech spending and digital transformation, despite taking over low-end work.
• Dua acknowledges potential near-term pain but asserts the industry will emerge stronger, with winners and losers.
• Standard Chartered Securities recommends a balanced investment approach, combining top-down and bottom-up stock selection across market caps.