Samit Vartak's View on Technology Stocks

15.5K views · Jun 23, 2022 · 2:11 min · Watch on YouTube ↗

Takeaway

IT stocks remain richly valued despite 30% correction—stick with niche high-growth pockets only if you have IT-sector expertise.

Summary

IT stock valuations: historically reasonable at 15-20x multiples for low-teens growth; tripled to 50x on AI/IT-capex consensus excitement.
Even after 30% correction, IT valuations are still double pre-excitement levels—growth must justify it.
Risk: IT capex of last 2-2.5 years may normalize back to 15% growth rate, leaving valuations expensive.
Niche pockets in ER&D, product manufacturers, BPOs may have higher growth at reasonable price—but requires expertise to find.
Samit Vartak suggests caution; he himself isn't an expert in IT and finds current valuations uncomfortable.

IT stocksvaluationsSamit Vartak

Original description

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