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AI euphoria turning toxic but that’s good news for India: Is the global tech trade finally shifting in its favour?

Economic Times 13 October 2026 at 07:32 am 1 min read 4 views Read Original
AI euphoria turning toxic but that’s good news for India: Is the global tech trade finally shifting in its favour?

Global AI stock enthusiasm hit a roadblock as South Korea's Kospi plunged 7.4% on chip competition concerns and Broadcom's warning on AI spending. Conversely, Indian IT stocks surged, adding Rs 26,000 crore in market cap as investors rotated into services over semiconductor hardware exposure.

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