Funding the ‘mother of all cycles’: Chris Wood cuts Indian stocks to double down on South Korean chip giants

Christopher Wood has cut select Indian equities to increase exposure to South Korean chipmakers like SK Hynix and Samsung Electronics, betting on the AI-driven capex cycle. He views memory stocks as core beneficiaries, citing strong demand, attractive valuations and structural shifts, while warning that malinvestment risks could eventually disrupt the AI trade.

IPO-bound NSE set to be the change in exchange game

NSE’s proposed IPO could reshape India’s exchange landscape by ending BSE’s scarcity premium and introducing direct competition in listed exchange stocks. Despite dominant market share, NSE may list at a valuation discount due to regulatory impacts on derivatives, while BSE’s recent turnaround and growth add complexity to investor positioning.