Jefferies’ Chris Wood warned that Wall Street’s AI-driven rally could end in a “massive overinvestment bust” as hyperscalers ramp up $350 billion in AI capex. He cautioned that stretched valuations and retail-driven buying may trigger a sharp correction once sentiment shifts.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding