14 Nov 2025 | 5 Mins Read
India rejects AI trade with US citing disastrous performance
Flipitmoney
Chris Wood, global head of equity strategy at Jefferies, identifies India as the "reverse AI trade" after it underperformed the MSCI Emerging Markets Index by 27% year-to-date. Wood believes India could outperform if the AI trade unwinds, citing power constraints in major US hyperscalers. India's domestic investor demand helps offset foreign outflows.