No listed AI giants? Data centre and power stocks rally as India pushes global AI hub ambition
Indian data centre–related shares rallied last week, as Prime Minister Narendra Modi reiterated India’s ambition to emerge as a global hub for AI in the presence of OpenAI’s Sam Altman and Anthropic PBC’s Dario Amodei.
Shares of 10 companies involved in data centre development and its supply chain — spanning equipment manufacturers to power producers — added about $4 billion in combined market value last week as the country hosted a high-profile gathering of leading AI companies in New Delhi.
