Aug. 15 at 1:46 AM
Bank of America analysts see the recent selloff in AI-linked stocks as an opportunity to buy companies whose valuations have been hit despite continued exposure to the long-term AI boom. The analysts screened companies across hardware, internet and energy, focusing on stocks that had fallen at least 20% from their 52-week highs, while retaining Buy ratings and a place among BofA’s preferred picks.
The strategy reflects a shift away from simply chasing the biggest AI winners and toward companies that could benefit from the next phase of AI investment. BofA sees potential across the broader ecosystem, including companies supplying AI chips and hardware, data-center infrastructure, power and energy, and internet platforms that are monetizing AI through advertising, cloud services and new products.
Meta is among the stocks BofA analysts view favorably despite its significant pullback.
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