The Nvidia episode will not have any impact on India, while the country's IT sector could emerge as a beneficiary, government sources told NDTV Profit. They noted that the AI bubble was bound to burst at some point and suggested that Google and its AI ecosystem could gain greater strategic importance.
These remarks come as Nvidia lost around $430 billion in two days as investors assessed investigation involving CEO Jensen Huang and his alleged personal relationship with a businesswoman reportedly having links to Chinese intelligence.
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