Investors looking for the next way to play the artificial intelligence boom should consider some of the basic building blocks of the economy, according to Bank of America. Investment and ETF strategist Jared Woodard said in a note to clients last week that the market is underestimating the changes brought about by the energy demand of AI programs. "'Round one' winners from new tech demand like data centers, hyperscalers, and chip makers are well-owned already," Woodard said.
70%, but offers actively- managed exposure to 12 different commodities, from soybeans to oil to copper. It is up about 8% this year. Bank of America also has a buy rating on mining stock Freeport-McMoRan , which is already up more than 27% year to date. "Progress is not possible without real assets. Our strategists expect metals like copper to fall into massive deficits through 2026.
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Source: CNBC - 🏆 12. / 72 Read more »