Several Indian companies are emerging as significant players in the AI infrastructure sector, according to Goldman Sachs. These ‘AI Enablers’ span industries such as power, data centres, and semiconductors. While the Nifty index has fallen, this group of companies has experienced substantial gains. However, their valuations remain high, with a noted premium over MSCI India. This trend signals a changing investment landscape within the Indian market.
CoreWeave shares surge over 26%, spark rally in battered AI cloud stocks
CoreWeave’s shares experienced a significant increase of over 26% due to strong revenue growth. The company’s recent earnings alleviated concerns about a potential artificial intelligence