India’s hidden AI play: Hiren Ved’s 12-stock basket has beaten the Magnificent Seven
Wondering if India has an AI play? Hiren Ved, Director & CIO, Alchemy Capital Management, says his team built a custom equal-weighted index of 12 listed Indian companies feeding global AI capex, from cooling systems to cables and grid equipment. Ved claims it has compounded 37% in dollar terms, versus 28% for the Magnificent Seven.
Wondering if India has an AI play? Hiren Ved, Director & CIO, Alchemy Capital Management, says his team built a custom equal-weighted index of 12 listed Indian companies feeding global AI capex, from cooling systems to cables and grid equipment. Ved claims it has compounded 37% in dollar terms, versus 28% for the Magnificent Seven.
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