New Delhi, Sept. 15 -- After seven consecutive sessions of losses, Firstsource Solutions shares surged nearly 18% on Tuesday, 15 September, as Indian IT stocks staged a sharp rebound, with the broader IT pack gaining more than 4%. The rally comes as investors reassess the outlook for traditional software companies amid the evolving debate around the pace of artificial intelligence (AI) development and its potential impact on technology spending.

The recent strength in global technology stocks has also provided a positive backdrop for Indian IT companies. Analysts believe a more measured pace of frontier AI development could ease concerns around rapid technology obsolescence and give enterprises greater visibility on their technology inve...