For months, India's stock market was the laggard everyone loved to ignore, dismissed as the “anti-AI trade” while Wall Street’s Nasdaq, South Korea's Kospi and Taiwan's chip-heavy bourses roared ahead on the artificial intelligence (AI) boom. That script has just started to show flipping signs.
Over the past month, Nifty is up 3.3%, outpacing Nasdaq, which has slipped 3%, and Taiwan, which has gained a more modest 1.2%. The starkest reversal is in Korea, where the Kospi has tumbled 13% in the same period — a market that, until recently, was the poster child of the global AI trade.
