India's stock market loses $924 billion in market value, misses the artificial intelligence wave

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Against the backdrop of artificial intelligence reshaping the global investment landscape, India has clearly become one of the biggest losers. The situation has changed dramatically, with the Indian stock market set to fall out of the top five global market caps for the first time in three years. Thanks to the AI rally, South Korea’s stock market has surged, and India not only fails to regain lost ground but also faces a significant risk of falling further behind. The reasons for this situation go far beyond high valuations and slowing corporate profit growth in the Indian stock market. Previously, global investors had heavily invested in India, but now funds are flowing into the scarce sectors of the Indian market: chip manufacturing, computing infrastructure, and AI model development. Although India has talent, market demand, and a large digital economy, few leading domestic companies are directly involved in building related industries, making the stock market increasingly reliant on domestic consumption sectors. (Sina Finance)

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