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Small-cap tech stock shoots 20% amid AI-chip JV announcement
An Indian small-cap tech stock rallied ~20% on news of an AI-chip JV, spotlighting speculative interest in micro-cap tech.
Shares of a ₹100-or-less Indian small-cap IT company surged about 20% after announcing a joint venture with a U.S. partner to build AI-chip architecture. The rally triggered speculative buying in micro-cap and mid-cap tech stocks tied to the AI-ecosystem. Analysts caution that unless earnings growth follows, the spike may be short-lived and liquidity risk high. The event underscores how investor attention is shifting deeper into tech narratives, though governance and valuation remain key concerns.