Citi Analyst Says India Stocks Could Benefit From AI Rotation
Citi analyst Surendra Goyal says U.S. midterm results could slow AI spending and redirect money toward non-AI assets. India's weighting in emerging-market portfolios is near multiyear lows, according to Citi analysis.
India stocks will likely benefit from U.S. midterm election results, which could slow artificial-intelligence spending, steering money toward non-AI assets, Citi analyst Surendra Goyal says in a note. India's weighting in emerging-market portfolios is near multiyear lows, and Citi's analysis sugges…