AI fear wipes 6% off Nifty IT: Rahul Shah warns about tech valuations, flags safer bets

Indian IT stocks are experiencing a sharp decline. Experts warn that Artificial Intelligence is disrupting the traditional IT business model. This is leading to concerns about future growth and company valuations. Investors are advised to consider other sectors like textiles and defense for better opportunities. The coming quarters will show if IT companies can adapt to AI-driven services.