New Delhi

Foreigninvestors turned net buyers of Indian equities in November, infusing Rs 53,739 crore in the first nine days after two consecutive months of outflows, driven by the AI-led sell-off in global markets, strong domestic earnings growth and attractive large-cap valuations.

The latest investment follows net outflows of Rs 34,843 crore in October and Rs 35,861 crore in September, according to data available with the depositories. "The sudden change in FPI stance was triggered by the AI sell-off in the US and other AI markets like South Korea, Taiwan and Japan. "This sell-off, in turn, was triggered by fears surrounding data centre spending in the US. The Democrats, who won both chambers of Congress, are opposed to indiscriminate data centre spending. They will demand guardrails for AI," said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. The AI-led sell-off has made India, widely regarded as a non-AI trade, an attractive destination for Foreign Portfolio Investors (FPIs). Besides, the country's impressive earnings growth and attractive valuations of large-cap stocks have further strengthened its appeal, he added. According to depository data, FPIs made a net investment of Rs 53,739 crore in Indian equities during November 2-9.

New Delhi

US chipmaker Nvidia has lost around $1.57 trillion in market capitalisation after its shares plunged more than 26 per cent from their 52-week high with entering bear-market territory amid investor concerns over artificial intelligence (AI) spending and growing scrutiny surrounding its Chief Executive Officer Jensen Huang.

The company's market capitalisation stood at $4.31 trillion at the close of trading on November 9, down from approximately $5.88 trillion when its shares touched a 52-week high of $243.37, according to a report.

Moreover, the estimated erosion in market value is larger than the entire market capitalisation of electric vehicle manufacturer Tesla, which stands at around $1.49 trillion.

Nvidia shares closed at $178.67 on November 9, a decline of around 26.6 per cent from their 52-week peak.

The stock has also witnessed sustained selling pressure, falling 14 per cent over the past week and 22 per cent over the last 30 days.

It has declined 18 per cent over three months and 17 per cent over six months.

The sharp correction comes ahead of the company's quarterly earnings announcement scheduled for November 17 with investors closely monitoring the sustainability of global AI infrastructure spending and demand for advanced semiconductor chips.

Adding to the company's challenges, recent developments involving Huang have brought the chipmaker's leadership under increased scrutiny.

As per reports, Huang had engaged crisis communications firm Heller Inc. as early as October 2025, months before publicly acknowledging an extramarital relationship with a former executive of Singapore-based data centre company Megaspeed.

New Delhi

Japaneseinvestment giant SoftBank Group has reported its first quarterly net loss in nearly two years as falling valuations of key technology holdings and growing concerns over artificial intelligence (AI) investments weighed on its financial performance.

The company posted a net loss of 1.12 trillion yen ($7.1 billion) in the second quarter of its financial year, reversing a profit recorded in the corresponding period a year earlier.

The performance was significantly below market expectations with analysts polled by the company estimating an average profit of 129 billion yen. Declines in the share prices of semiconductor companies Arm Holdings and Intel, along with South Korean e-commerce major Coupang, contributed to the deterioration in SoftBank's financial performance.

Its Vision Fund division -- which manages investments in hundreds of technology startups -- also reported a loss of 81.6 billion yen. SoftBank has increasingly emerged as an indicator of investor sentiment towards OpenAI and the broader AI industry, given its substantial exposure to the sector. Moreover, the company's shares have fallen more than 50 per cent from their record high in June amid concerns over the debt burden associated with its aggressive AI investments and uncertainty surrounding the future returns from these commitments. The changing valuation expectations have heightened concerns about the sustainability of investments in the AI sector and the potential risks associated with assets that are not publicly traded.