Open account

BofA Highlights Mining, Infrastructure Stocks for AI Data Center Boom

Bank of America has highlighted a basket of mining and infrastructure names it expects to benefit from the AI data‑center build‑out, ranking them among 67 Buy-rated stocks with about $5.5 trillion in combined market capitalization. The BofA screen targets companies exposed to power, electrical and water infrastructure and strategic transition metals — naming miners (e.g., Freeport, Rio Tinto, BHP, Zijin/China Molybden) and infrastructure/equipment providers (Ecolab, Johnson Controls, Trane, Vertiv, Delta Electronics). The note underscores rising demand for copper and other transition metals, and for cooling, power and water solutions, with company-specific catalysts cited (Zijin’s Q1 net income and planned acquisition, Freeport production revisions, Vertiv’s raised guidance and acquisition, Delta’s 101% YoY net‑income surge). Market implication: constructive outlook for miners and data‑center infrastructure suppliers, potentially lifting sector flows and valuations as AI capex supports commodity and hardware demand.

Category

US 500

Sentiment

Bullish

Event

Institutional outlook

Reading time

1 min