India's missed lesson in AI hardware is indeed painful, but when the application layer explodes, maybe it can overtake by turning a corner? First, let's sit tight and observe.

CoinWorld news, JPMorgan Asset Management global market strategist Raisah Rasid said that Indian companies are currently missing out on the artificial intelligence (AI) boom. Rasid pointed out that due to the lack of exposure to AI hardware themes, the Indian stock market has underperformed its regional peers, which is also one of the reasons for the partial withdrawal of foreign capital from India. Indian companies are facing earnings downgrades, and investors are concerned about the lack of reasonable valuations. However, she added that once AI applications enter the Indian market and improve productivity, the situation could become more positive.