Dipan Mehta advises caution on large-cap IT due to AI disruption, favoring midcap players like Persistent Systems and Tata Elxsi. While Trent shows momentum, high valuations warrant tempered expectations. Seasonal plays like cooling solutions, exemplified by Symphony, present a potential opportunity amid a hot summer.
AI stocks retreat as Democratic sweep puts data centre boom in focus
AI-related stocks came under pressure on Wednesday despite a broader Wall Street rally following the Democratic sweep of Congress. Data centre companies CoreWeave, Iren and