Brookfield Corporation (NYSE:BN) is one of the 6 Cheap Stocks to Buy According to Bill Ackman.
Brookfield Corporation (NYSE:BN) is one of the largest asset management firms in the world, courtesy of its more than a trillion dollars in assets. The shares are up by 14% over the past year and are down by 3.4% year-to-date. Like other asset managers, Brookfield Corporation (NYSE:BN) has also built a position for itself in the AI infrastructure rollout. For instance, in November, Brookfield Asset Management announced a $100 billion AI infrastructure program after teaming up with NVIDIA and Kuwait’s investment authority. Brookfield Corporation (NYSE:BN)’s partnership with fuel cell company Bloom Energy is also believed to contribute towards powering AI infrastructure provider Oracle’s facilities in New Mexico. More recently, in May, the firm announced that it would invest $500 million in The OpenAI Deployment Company, which is its partnership with OpenAI to push enterprise users towards deploying AI full scale as opposed to the initial pilot stage.
Brookfield Corporation (NYSE:BN)’s infrastructure portfolio sees the firm operate 150 data centers, 308,000 telecommunications sites and tens of thousands of kilometers of fiber optic networks.
While we acknowledge the potential of BN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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