The recent sale of Nvidia shares by SoftBank, he says, should not be seen as a warning signal. “I think it’s just profit taking because they have other investments to do,” Sanger said, adding that the demand for computing power continues to rise.
Commenting on US President Donald Trump’s recent remarks about H1-B visas, Sanger said they reflect the US administration’s focus on attracting “the best and the brightest” global talent for technology and science, technology, engineering, and mathematics (STEM) roles. “It will also help Indian IT somewhat, but I don’t think that’s the central thesis,” he said, adding that major US tech firms are competing to hire talent worldwide for artificial intelligence (AI) and other advanced fields.For the Indian markets, Sanger believes the US-India trade agreement is far more important than the ongoing Bihar state elections.
“The trade agreement is the most important needle mover for investor sentiment,” Sanger told CNBC-TV18. He added that while recent upgrades from firms like Goldman Sachs are positive, they are secondary to the impact a trade pact could have.Sanger said the Bihar elections are “nice, but not needle movers” in the broader market context. He noted that India’s valuation correction over the year and the relatively stable rupee amid dollar volatility have made the country more attractive to foreign institutional investors. “India is back on the radar screen for global fund managers,” he said.
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