![]() ![]() ![]() All of these companies have kept up with the S&P 500's growth in the past decade, and have either a buy or neutral rating from the BofA analyst covering it. In the note, Woodard shared a list of 10 stocks with AI exposure outside of the hardware and software industries that will thrive if the technology has a more moderate impact on productivity. 10 stocks that can be sleeper winners as AI steadily grows ![]() Plenty of optimism is currently priced into AI stocks, so they could pull back regardless of how much of an impact the technology has on individual firms and the economy broadly. "AI stocks are priced for a bygone world of 2% bond yields, low costs of capital, easy globalization, and friendly inflation."Ĭhallenges for AI stocks include expensive valuations, low rates of profitability relative to other technology stocks, and other threats like regulation, according to Bank of America. "In the case of AI, we see reasons to be careful," Woodard wrote. Although the AI wave is inevitable, it may not necessarily be a tsunami. However, there's a real chance that AI's impact won't live up to the immense expectations for it, Woodard warned. Those who are big believers in AI might be eager to invest in the technology providers with exposure to it, which includes both hardware and software companies, wrote Jared Woodard, the head of Bank of America's research investment committee, in a July 11 note. Account icon An icon in the shape of a person's head and shoulders. ![]()
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