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The dollar held its ground as markets awaited Federal Reserve signals on potential rate cut timing. The yen trimmed losses after weak Japanese data, while the Aussie dollar dipped following RBA minutes. Key economic events this week include Fed minutes and U.S. GDP figures.
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Major tech stocks like Microsoft, Amazon, and Nvidia have experienced significant market value declines this year. Investors are now prioritizing near-term earnings over long-term AI ambitions, shifting market psychology. Conversely, companies such as TSMC, Samsung Electronics, and Walmart have seen their market values increase.
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Indian tech stocks, including TCS and Infosys, have seen a significant market value drop due to AI fears. However, analysts and investors believe this selloff presents a buying opportunity. They argue that Indian IT firms are well-positioned to adapt, reskill, and capitalize on the growing demand for AI integration services, citing their history of technological resilience and strong financial positions.
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We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
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