Indian data center infrastructure stocks surge on AI investments

business-standard.com

Indian companies supplying data center infrastructure are experiencing significant stock rallies, driven by AI development. Sterlite Technologies, an optical-fiber maker, has surged over 530% this year after securing a major contract. Peers HFCL and MTAR Technologies have also seen substantial gains. This trend, dubbed the 'AI capex trade,' highlights industrial firms benefiting from the massive investments in data centers by tech giants like Amazon and Alphabet.


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Indian data center infrastructure stocks surge on AI investments | News Minimalist