How to make sense of AI impact on Indian companies
There is FOMO in India’s financial markets, driven by companies advancing artificial intelligence. The market is focused on AI products and hardware: the most valuable company in the US is Nvidia; in Europe, the Netherlands’ semiconductor equipment maker ASML; and in Asia Pacific, Taiwan’s TSMC. That sums up the mood, which is less interested in the secular profit-growth story India stood for over two decades.
