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Indian Smallcap AI Winners Face Valuation Test as US Enthusiasm Cools
Seven of the top 10 best-performing Indian smallcap stocks over the past year, linked to the US data centre boom and AI infrastructure, are now facing a valuation test as enthusiasm for AI investment shows signs of cooling on Wall Street. Analysts warn that the rally in these Indian counterparts may have left valuations increasingly stretched, with any pullback in US capital expenditure potentially weighing on their share prices.
Seven of the top 10 best-performing Indian smallcap stocks over the past year, linked to the US data centre boom and AI infrastructure, are now facing a valuation test as enthusiasm for AI investment shows signs of cooling on Wall Street. Analysts warn that the rally in these Indian counterparts may have left valuations increasingly stretched, with any pullback in US capital expenditure potentially weighing on their share prices.
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