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India IT Stocks Set to Benefit as Investors Rethink AI Impact
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CNBC TV18•19-10-2026, 09:24
India IT Stocks Set to Benefit as Investors Rethink AI Impact
  • •Ed Yardeni of Yardeni Research views the recent correction in global AI-linked stocks as market volatility rather than the end of the AI investment cycle.
  • •Indian IT companies are well-positioned as investors increasingly recognize AI as part of a broader IT ecosystem rather than a threat.
  • •US technology earnings are projected to grow about 25% year-on-year, supporting the ongoing bull market.
  • •Financial markets generally favor institutional checks and balances, and potential shifts in US Congressional control could limit aggressive unilateral policies.
Read Full Article on CNBC TV18 in English

Key Questions Answered

Ed Yardeni views the recent correction in global AI stocks as a period of market volatility rather than the end of the investment cycle, noting that investors now recognize AI as part of a wider IT ecosystem that will benefit India's software services sector.

Ed Yardeni expects the US technology earnings season to support the broader market with earnings growing around 25% year-on-year, maintaining his view that the US remains firmly in a bull market.

Yardeni believes that any shift in congressional control after the midterms would establish gridlock and checks and balances, making it more difficult for President Donald Trump to pursue aggressive policy measures or act aggressively on a global scale.

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