There's an 'old school' corner of the stock market that looks cheap and should benefit from a coming spending boom, BofA says
US infrastructure is on the verge of a spending boom, but stocks in the sector are cheap relative to the rest of the market, BofA analysts said.
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- US infrastructure is due for a renaissance, Bank of America says.
- AI development may be stunted if manufacturing can't keep up.
- Analysts say infrastructure investments are cheap relative to the rest of the market.
American infrastructure is in bad shape, and that might make it a better bet than top sectors like artificial intelligence...
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