Two Indian ICT distributors ride AI infrastructure boom

Two companies in India are making money because of artificial intelligence, which people call AI.

The first company is called Rashi Peripherals.

It sells computers, servers, and other technology to businesses and governments.

It also helps companies build data centres, which are big buildings full of computers that make AI work.

Rashi is learning to make semiconductors too, with help from a company in Japan.

The second company is called GNG Electronics.

It sells refurbished electronics, which are used computers that are fixed up and work almost like new ones.

New computers have become very expensive because memory parts cost a lot more now.

So many people, schools, and companies are buying refurbished ones instead.

GNG sells them in 49 countries around the world.

Both companies made a lot more money recently.

GNG is growing faster and earns more profit, so its share price is high.

Rashi's share price is lower, which some investors think makes it a better deal.

The two companies show different ways to profit from India's growing technology business.