New Delhi, Nov. 14 -- India could emerge as a major beneficiary of a global shift in investment away from artificial intelligence (AI) stocks, as concerns grow over heavy spending by US technology companies and declining returns on investment, according to a report by global brokerage firm Jefferies.

In its latest GREED & fear investment strategy report, Jefferies said, "In emerging markets which GREED & fear knows more about, the obvious market to benefit from the reverse AI trade has been India."

The report noted that growing concerns over the sustainability of the AI investment boom are encouraging global fund managers to explore investment opportunities outside the technology sector.

It stated, "From an investment standpoint, the n...