Fund Manager Sees Buying Opportunity In IT

Christy Mathai, Fund Manager-Equities at Quantum AMC, says global enterprises are prioritizing hardware spending over software, pressuring Indian IT services while boosting semiconductor names like Nvidia. She noted recent large-cap IT stock declines—some over 3%—despite stable revenues and improving BFSI order books, and warned AI enterprise adoption remains slower than infrastructure buildout. Mathai views compressed valuations as a medium-to-long-term buying opportunity for investors.