International stocks beneficiaries of the ‘AI Revolution’ - BofA

BofA Securities analysts identified buy-rated global stocks that have exposure to the artificial intelligence theme.

Analysts have previously said that Gen-AI could create a revolution in corporate efficiency and productivity, with an accelerated adoption in 2025 “as pilots move to production for the 44% of S&P companies that mentioned ‘AI’ during 2Q24 earnings.”

These implementations could accelerate the companies’ operating margins by 200 basis points over the next five years, amounting to about $55B in annual cost savings.

U.S. companies that could see market value expansion due to AI exposure:

• ServiceNow (NOW)
• Synopsys (SNPS)
• Tesla (TSLA)
• Texas Roadhouse (TXRH)
• Thomson Reuters (TRI)
• United Airlines (UAL)
• United Health Group (UNH)
• Walmart (WMT)
• Welltower (WELL)

EMEA (Asia, Middle East, and Africa) companies that could see market value expansion due to AI exposure:

• Anheuser-Busch InBev SA/NV (BUD)
• ASM International (OTCQX:ASMIY)
• ASML Holding (ASML)
• Orange (ORAN)
• RELX (RELX)
• SAP SE (SAP)

APAC (Asia Pacific) companies that could see market value expansion due to AI exposure:

• Advantest (OTCPK:ATEYY)a
• Atour Lifestyle Holdings (ATAT)
• Coupang (CPNG)
• ExlService Holdings (EXLS)
• H World Group (HTHT)
• ICICI Bank (IBN)
• KB Financial Group (KB)
• Li Auto (LI)
• SK Telecom (SKM)
• Taiwan Semiconductor Manufacturing Co. (TSM)
• XPeng (XPEV)