Published on 20 Sep 2024 on Insider Monkey · via Yahoo Finance
Encompass Health Corporation (NYSE:EHC): A Non-Tech Stock With Long-Term...
We recently compiled a list of the 35 Non-Tech Stocks With Long-Term Investment Potential. In this article, we are going to take a look at where Encompass Health Corporation (NYSE:EHC) stands against the other AI stocks.
Investors have been desperately searching for a safer way to play the AI boom that has swept the US stock market over the past few months. Prominent investment bank Goldman Sachs recently released an investor note detailing which sectors of the economy would benefit from the AI craze, replacing obvious bull cases in the technology domain by thoughtful insights on the long-term impact of AI on utilities, industrials, retail, and healthcare. According to analysts at Goldman, AI tools looked set to help companies outside of the technology sector improve productivity and reduce labor costs. The investment titan detailed the insatiable appetite for AI, evidenced by NVIDIA becoming one of the valuable firms in the world over the past year, and noted that the market was yet to reward companies that have downstream AI exposure.