Global AI Stock Slump Boosts Indian IT Market by Rs 26,000 Crore
Global enthusiasm for AI stocks faced a setback as South Korea's Kospi index dropped 7.4% due to chip competition concerns and Broadcom's caution on AI spending. In contrast, Indian IT stocks rose significantly, gaining Rs 26,000 crore in market capitalization as investors shifted focus from semiconductor hardware to IT services.
ET Markets·



