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.