Indian IT stocks traded in the green on Monday as reports on Nvidia’s possible price hikes surfaced, which may have spooked investors about a possible AI bubble going bust, boosting the shine of India’s much-touted IT stocks that analysts claim to enjoy an ‘anti-AI’ advantage.
Some of Nvidia's largest customers have been informed that prices of servers containing its AI chips will rise by more than 15% in many cases on the back of soaring memory chip costs, Bloomberg News reported on Saturday.
