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Market move● Neutral for Indian equities
Microsoft’s stock has roared back to life and is now headed for its highest close of the year
The brief
- Microsoft shares are headed for their highest close of the year
- Investors have warmed to Microsoft’s AI narrative in recent months
- Microsoft’s AI rebound may influence sentiment toward Indian IT companies exposed to global technology spending
- Wall Street rises as investors buy AI stocks; Microsoft rallies
- Bill Gates warns AI could enable events causing a billion deaths
- Big AI reset ahead? Chris Wood doubts hyperscalers’ $990 bn capex estimates, highlights India’s reverse AI trade advantage