Investors are bidding up companies with hefty real assets such as grids, pipelines and heavy machinery that are least likely to be replaced by artificial intelligence.

Contrary to recent market jitters, HSBC expects many software heavyweights will emerge as winners as AI becomes increasingly mainstream.

Bernstein and Bank of America both say this retailer is set to outperform as others are struck by AI disruption fears and renewed tariff uncertainty.

Investors are bidding up companies with hefty real assets such as grids, pipelines and heavy machinery that are least likely to be replaced by artificial intelligence.

Investors are shifting toward physical assets that are partially insulated from disruption, says Goldman Sachs

Jefferies found a basket of "AI risk" stocks, ranging from MongoDB to Robinhood, that could be under threat as the technology develops.