OpenAI’s $500-Billion Valuation Sparks Surge in Indian Data Centre Stocks

Indian data centre and technology-related stocks witnessed a sharp rally on October 3, after OpenAI, the company behind ChatGPT, achieved a landmark valuation of $500 billion. The valuation leap followed a secondary share sale worth nearly $6.6 billion, in which current and former OpenAI employees offloaded their stakes to a consortium of global investors.

The deal was backed by prominent investors, including Thrive Capital, SoftBank, Dragoneer Investment Group, T. Rowe Price, and Abu Dhabi’s MGX. The move lifted OpenAI’s worth from $300 billion to $500 billion, making it the world’s most valuable private company and underlining its accelerated growth in both revenue and user adoption.

Strong Rub-Off on Indian Equities

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The positive sentiment from OpenAI’s valuation reverberated in Indian equity markets, particularly in data centre-linked stocks. Orient Technologies share price saw its shares soar 20% in intraday trade, while Netweb Technologies extended its winning streak for a third consecutive session, rising 6.15%.

Other companies in the sector also benefited. Black Box stock price and E2E Networks each locked in 5% upper circuit gains, while Anant Raj Ltd advanced by 2.97%. The rally highlighted growing investor confidence in India’s expanding data infrastructure sector, especially as artificial intelligence adoption deepens globally.

OpenAI’s Growth Momentum

The share sale builds on earlier funding rounds, including SoftBank’s investment in OpenAI’s $40 billion primary capital raise. Reports suggest that OpenAI generated around $4.3 billion in revenue during the first half of 2025, which is about 16% higher than the company’s total revenue for the full year 2024.

The surge in valuation, coupled with a steady rise in revenues, underscores the strong market appetite for artificial intelligence technologies and the expanding ecosystem surrounding AI applications.

Boost From IPO Buzz in India

Adding to the momentum, a Bloomberg report revealed that Sify Infinit Spaces Ltd, a key domestic player in India’s data centre market, is preparing to file for a $500-million initial public offering (IPO) within the next two weeks. The development further fuelled investor interest in data centre-linked stocks on October 3.

The IPO news comes at a time when both global and domestic investors are increasing their bets on India’s data infrastructure. This demand is being propelled by higher digital consumption, greater adoption of artificial intelligence, and government-led data localisation efforts.

Expanding Industry Outlook

According to ICRA Ltd., India’s requirement for data centres is expected to more than double in the next three years. To meet this demand, the country will need an estimated investment of nearly ₹90,000 crore (about $10.1 billion).

The sector already includes strong domestic players such as Sify Infinit and Anant Raj, alongside global entrants like Japan’s NTT Inc., Temasek-backed STT Global Data Centres, and Nxtra Data Ltd, supported by Carlyle Group.

Conclusion

OpenAI’s landmark $500-billion valuation has not only reaffirmed the strength of artificial intelligence globally but has also triggered a ripple effect in India’s stock market. With local IPOs on the horizon and demand for digital infrastructure set to surge, Indian data centre companies appear well-placed to capture a significant share of the upcoming growth wave.