Alphabet, Meta Platforms to SK Hynix: What does the AI trade bubble burst mean for the Indian stock market?

The AI trade bubble burst since 22 June 2026 caused global market corrections, with SK Hynix shares falling 35%. N. Aruna Giri said, “The Indian stock market stands to benefit as the contra-AI trade once the crowded AI positioning across global markets begins to take a pause.” Indian indices remained flat.