Saldanha sees AI capex cycle intact and Indian private banks attractive
In short
Conrad Saldanha of Neuberger Berman said the AI spending cycle may keep going through 2027 and 2028. He also said Indian private banks look attractive after underperforming and could offer chances in the next 6 to 12 months.
This matters for tech spending and Indian bank stocks. He also warned that rising bond yields could be a risk, but he did not name any specific bank.
What the reporting says
Conrad Saldanha of Neuberger Berman said the AI investment cycle could continue through 2027 and 2028, while Indian private sector banks may offer opportunities over the next 6-12 months. The comments were based on his view that technology spending remains supported, though rising bond yields are a risk. The immediate market implication is a more constructive view on private banks, but no specific bank was named.
Why it matters
Conrad Saldanha of Neuberger Berman said the AI investment cycle could run through 2027 and 2028 and continue supporting technology spending globally. He also said Indian private sector banks look attractive after underperforming and may offer opportunities over the next 6-12 months. The only risk he cited was rising bond yields. The comments suggest a constructive view on tech and banks, but no stock-specific call was reported.