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India gains as global investors move away from AI-linked stocks: Goldman Sachs

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India gains as global investors move away from AI-linked stocks: Goldman Sachs

Business News Tech AI India gains as global investors move away from AI-linked stocks: Goldman Sachs

India gains as global investors move away from AI-linked stocks: Goldman Sachs

Indian equities outperformed the Asia-Pacific region in the MXAPJ index by 7 percentage points last month, making the country one of the best-performing global markets during the period. Goldman Sachs said the recovery was due to a rotation in global portfolios away from north Asian markets, which have greater exposure to AI -linked stocks.

Indian IT companies are benefiting from a shift in global investor interest away from artificial intelligence (AI)-linked stocks. According to a Goldman Sachs report, investors favoured IT services companies in October more than businesses that are linked to the AI ecosystem.Indian equities outperformed the Asia-Pacific region in the MXAPJ index by 7 percentage points last month, making the country one of the best-performing global markets

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