India stands to gain as investors look beyond AI, Jefferies’ Wood says

[Financial cycle icons with digital currency symbol surrounded by economic elements on futuristic dark background illustrating finance concept. 3D Rendering] ismagilov/iStock via Getty Images India is emerging as a beneficiary of investors’ shift away from artificial intelligence stocks, while easing tensions over Iran could support a broader rally in markets outside the United States, according to Christopher Wood, strategist at Jefferies. In his "Greed & Fear" report dated November 12, Wood said doubts about returns on AI spending were encouraging portfolio managers to seek other investments. He highlighted India’s economic recovery and signs of stronger private investment, alongside renewed foreign buying.