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Stock impact report

Finding Bargain Stocks In AI's Shadow [Forbes]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Forbes
a market obsessed with artificial intelligence, longtime portfolio manager David Green is leaning the other way. His $767 million Hotchkis & Wiley Value Opportunities Fund (HWAIX) has become a kind of anti-AI trade, hunting for mispriced companies, big and small, that investors have abandoned in favor of the AI boom. That contrarian stance—rooted in Hotchkis & Wiley's 45-year value discipline—is holding its own while tech-heavy indexes continue to log impressive returns. Green has been quietly loading up on unglamorous companies investors have decided aren't beneficiaries of the AI boom—such as software maker Workday , telecom-equipment giant Ericsson , and moving-and-storage giant U-Haul . The common theme in all three holdings: Dominant competitive positions, strong balance sheets and valuations beaten down in a lofty market. “There's been a real gravitation toward a small group of high-flying stocks,” says Green. “That creates opportunities elsewhere.” It's an approach that fi Show less Read more
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