GE Vernova's Indian entity saw a 10% decline following regulatory changes that allow Chinese competitors easier access to tenders for high-value equipment.
Source Post
Data Center Stocks Crashing — Is the AI Story Over? | US vs India Divergence | Wright Research
Jul 5, 2026
The creator discusses the recent crash in US data center stocks, attributing it to technical fatigue and institutional distribution rather than the end of the AI theme. Simultaneously, India's data center market is experiencing significant structural growth driven by data localization, digitization, and 5G rollout, presenting a divergent opportunity.
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Tickers discussed in this post
Riot Platforms has broken below key technical levels (20-day EMA, testing 50-day EMA) on heavy volume, indicating institutional distribution and short-term momentum loss.