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Allstate Corporation Partners with Big 12 Conference to Launch “Allstate Championship Series”

The Allstate Corporation (NYSE:ALL) is one of the best inexpensive stocks to buy according to hedge funds. On September 4, the Big 12 Conference and Allstate announced a multi-year partnership to launch the Allstate Championship Series. The new platform is designed to be a year-round celebration of Big 12 Championships and student-athletes.

The Allstate Championship Series will be the foundation for the Allstate Commissioner’s Cup, which is an award given annually to the Big 12 school with the most “points” based on performance in conference championships, graduation rates, academic and student services, and community engagement. As part of the agreement, Allstate will become the presenting sponsor of all Big 12 Olympic sport championships and will be integrated into marquee events like the Big 12 Football Championship and the Men’s and Women’s Basketball Championships.

The partnership also includes digital and in-venue branding at all Big 12 Championships, original content showcasing student-athlete leadership, and the designation of Allstate as the “Official Insurance Partner of the Big 12 Conference” for home, auto, and property insurance.

The Allstate Corporation (NYSE:ALL) provides property and casualty, and other insurance products in the US and Canada. It has 5 segments: Allstate Protection, Run-off Property-Liability, Protection Services, Allstate Health & Benefits, and Corporate & Other.

While we acknowledge the potential of ALL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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