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Bank of America is bullish on these 4 under-the-radar AI stocks
- Bank of America is bullish on under-the-radar AI stocks primed to benefit from the AI boom.
- Four buy-rated small and mid-cap AI stock picks were shared by Bank of America.
- AI mentions on earnings calls have surged among Russell 2000 companies.
- Small and mid-cap firms are integrating AI technology for earnings growth.
- While big companies like Nvidia benefit from AI, more small-cap firms are joining the AI trade.
- Software companies are well-positioned to leverage the trend of agentic AI.
- There's growing adoption of AI systems by small-cap firms aiming for autonomous operation.
- Bank of America sees AI opportunities in smaller companies for stock pickers.
- Easing inflation and increased M&A activity could boost small-cap tech valuations.
- Bank of America's top small and mid-cap AI picks include Datadog, Seagate Technology, Kyndryl Holdings, and JFrog.
- Datadog is seen as a generative AI share gainer with strong revenue growth potential.
- Seagate Technology expected to benefit from HAMR ramp with margin growth.
- Kyndryl Holdings viewed positively due to AI tailwinds for IT services.
- JFrog likely to benefit from increased platform usage as generative AI accelerates software development.
- Bank of America's analysis points to a positive outlook for these small and mid-cap AI stocks.
- The article was originally published on Business Insider.
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