India has surged back to the fifth spot globally in market capitalization, surpassing Taiwan. This marks India's second ascent in recent weeks, having previously overtaken South Korea. The shift comes as Taiwan's AI-driven rally cooled, trimming its market value. Investors are now reassessing stretched valuations and the sustainability of AI spending, impacting semiconductor-heavy markets.
India has reclaimed the fifth position in global market capitalization, surpassing Taiwan. This marks its second ascent recently, having also overtaken South Korea. The shift is attributed to a cooling in Taiwan's AI-driven rally and investor reassessment of stretched…
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