Saldanha sees AI capex cycle intact and Indian private banks attractive
In short
Conrad Saldanha of Neuberger Berman said AI spending may stay strong through 2027 and 2028. He also said Indian private banks look attractive after a weak spell and could be worth watching over the next 6 to 12 months.
This could matter for bank shares and tech spending. He warned that rising bond yields are a risk, but no specific bank or target was given.
What the reporting says
Conrad Saldanha of Neuberger Berman said the AI investment cycle could continue through 2027 and 2028, supporting technology spending globally. He also said Indian private sector banks have become attractive after underperforming and could offer opportunities over the next 6-12 months, while rising bond yields remain a risk. The report does not name any specific bank or give a price target.
Why it matters
Conrad Saldanha said the AI investment cycle remains intact through 2027 and 2028, which supports global technology spending. He also said Indian private sector banks have become attractive after underperforming and may offer opportunities over the next 6-12 months. Rising bond yields were identified as a risk. The story is a market view, not a company-specific action, and no named bank or valuation was provided.