India stands to gain as investors look beyond AI, Jefferies’ Wood says

Detailed summary

Analyst sees India benefiting from AI stock rotation, with $7.2 billion in net foreign buying; easing Iran tensions could lift non-U.S.

India is emerging as a beneficiary of investors’ shift away from artificial intelligence stocks, while easing tensions over Iran could support a broader rally in markets outside the United States, according to Christopher Wood, strategist at Jefferies.

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