The Artificial Intelligence (AI) Sell-Off Has Gone Too Far. These Are the Stocks I'd Buy Before the Market Figures It Out.
The recent tech stock sell-off has affected strong companies, but demand for AI continues to drive growth. Microsoft and Brookfield Asset Management are attractive buys due to their AI-related investments and growth potential.
The tech stock sell-off has impacted even strong companies, but AI demand remains robust. Microsoft Azure, the second-largest cloud services provider, grew revenue 39% year over year, outpacing Amazon Web Services. Microsoft has made significant investments in data centers, models, and custom chips, securing long-term commitments from OpenAI and Anthropic. Microsoft 365 consumer cloud revenue grew 29% year over year. Brookfield Asset Management, with over $1.1 trillion in assets under management, has launched a $100 billion program to invest in AI infrastructure, including land and energy. Brookfield's parent company delivered annualized returns of 19% over the last 30-plus years. Both Microsoft and Brookfield Asset Management are attractive buys due to their AI-related growth potential.
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