AI-Linked Stocks Outperform Amid Nifty 50 Decline in 2024
India's Nifty 50 index has faced a significant decline since January 2024, reflecting a challenging year for the stock market. In contrast, stocks related to artificial intelligence have performed well, drawing strong investor interest and increased foreign ownership. Companies are investing heavily in AI infrastructure, expecting data center capacity to quadruple by 2029. Experts caution that high valuations may threaten future earnings.
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