AI spending is soaring, but revenue is lagging: Here’s why Indian investors should pay attention

Artificial intelligence (AI) has become the biggest driver of global stock markets, with companies spending hundreds of billions of dollars to build AI infrastructure. While investor excitement remains high, experts believe the economics behind the AI boom are far less convincing than the market suggests.

Karan Aggarwal, Co-Founder & CIO at Ametra PMS, says the gap between AI spending and the revenue it currently generates raises important questions for investors, especially those investing in global equity funds with significant exposure to US technology stocks.