Success in courting infrastructure projects boosts industrial and power midcaps
These large steel chassis made for data centers stand ready for shipment at a factory in a suburb of Bengaluru on Feb. 27, 2025. © AP
BENGALURU — While global investors have largely shunned India as an artificial intelligence laggard, its industrial and power equipment stocks are emerging as a way to ride the AI boom, due to the country’s success in courting global tech giants such as Google and Microsoft to build hyperscale data centers.