Indian Markets Cheer As Global AI Bubble Begins To Burst | $3 Trillion Wiped Out In A Single Day?

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The AI boom is beginning to show cracks. On November 5, US markets witnessed a brutal tech sell-off, with the Nasdaq plunging 5.5%, Nvidia losing nearly 9.3% and billions of dollars in market value wiped out. Behind the crash lies a growing question: are investors finally losing faith in an industry that has attracted trillions in investment but is still struggling to demonstrate how it will generate enough profits? From massive spending and circular investment deals between AI giants to concerns over infrastructure, energy and unrealistic valuations, the AI bubble may be facing its biggest reality check yet. Interestingly, while American tech stocks were crashing, Indian markets rallied sharply, with foreign investors returning in a big way. Emergency for the world - good news for India?

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Credit:
Thumbnail: Chiranjeev
Editors: Prince, Chiranjeev, Rajat, Sarim
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