India seen as hedge against AI bubble, says Bay Capital white paper

Global chip rout: How should investors play India's AI trade that gave up to 400% returns this year?

AI market corrects on Chinese chip fears (CXMT $8.6B IPO), but DRAM pricing +20-30% YoY; India's AI play shifts to data-centre infrastructure buildout (26.3 GW by FY32), with Sterlite Tech +411% YTD. For tech managers, favor companies with traceable orders and strong cash flow (ABB, Siemens, Cummins) over weak AI narratives; the theme survives this valuation reset.