Tech Mahindra’s Q1 performance is expected to be subdued due to uncertain macro conditions and cautious tech spending. Net profit for March 2024 may decline up to 40% YoY, as per four brokerages. Revenue, too, will likely see a fall.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays