What are the rising stocks outside of AI according to BofA?

BofA's Rising Stocks Outside of Artificial Intelligence

Bank of America (BofA) highlighted some companies that investors should pay attention to. These companies offer opportunities beyond artificial intelligence and technology. In the U.S. stock market, while hyper-scale tech companies and AI-related stocks have reached record levels this year, some investors have started to focus on valuations and out-of-market areas.

Overlooked Opportunities

BofA's research examined companies marked with a "BUY" rating in the S&P 500 index that are not included in ETFs related to artificial intelligence, energy, or infrastructure. These include stocks trading below a market multiple of 26x and at least 10% below their 52-week high.

Statement from Thomas Thornton

Thomas Thornton, head of global research product marketing at BofA, commented, "The market is so focused on companies benefiting from AI investment that it may be overlooking other opportunities. It could be beneficial to highlight companies that are not generally seen as directly benefiting from AI but are found interesting by our analysts."

Highlighted Stocks

• J.B. Hunt Transport Services (JBHT)
• Amcor - The packaging company is trading below its value.
• Freeport-McMoRan - The stock is trading 19% below its 52-week high.

Analyst George Staphos points out that Amcor’s 2026 price-to-earnings ratio is trading below the industry average, highlighting potential improvements. Freeport-McMoRan's shares are expected to appreciate with the reactivation of the Grasberg Block Cave mine in Indonesia.

Conclusion

For investors, these stocks identified by BofA represent opportunities outside of artificial intelligence but with potential value. Amid ongoing market uncertainties, they offer noteworthy alternatives for those looking to diversify their portfolios with the right choices.