On Oct 16, while global AI and semiconductor stocks continued to slide, Indian IT services provider Tech Mahindra (TECHM) surged 8.45% in a single day—its biggest one-day jump in over six years! 🚀 Even wilder? India's overall IT index surged 11.7% this week, recording its strongest weekly gain in 18 years. Wait... wasn't AI supposed to replace programmers and kill IT outsourcing? Why are IT service companies suddenly winning over Wall Street? 🤔 📌 The Latest Financial Highlights Tech Mahindra reported its Q2 results on Oct 15, showing strong momentum: Revenue: $1.693B (↑ 6.8% YoY) Net Profit: ~$190M / ₹1,586 crore (↑ 32.7% YoY) EBIT Margin: 14.8% New Deal Value (TCV): $1.023B (↑ 25.4% YoY) Dividends & Bonus: Proposed ~$0.18/share (₹15) interim dividend + a 1-for-1 bonus share