Anheuser-Busch (BUD) to Invest in NY Brewery

Anheuser-Busch InBev (NYSE:BUD) is one of the Most Profitable Large Cap Stocks to Buy According to Analysts. On August 5, Anheuser-Busch InBev (NYSE:BUD) announced a new $9 million investment in its Baldwinsville, NY brewery.

This investment is part of the company’s plan to invest over $300 million in the US facilities in 2025. Over the past 5 years, the company has invested more than $2 billion in its US operations. Management noted that the purpose of these investments is to support the manufacturing ability of the United States. The goal of Anheuser-Busch InBev (NYSE:BUD) is to create and sustain jobs, advance technical training, and strengthen career opportunities for veterans.

Anheuser-Busch (BUD) to Invest in NY Brewery

A retail point showcasing the alcoholic and soft beverages of the company.

Anheuser-Busch InBev (NYSE:BUD) is a leading brewing company. It produces and sells famous beer brands like Budweiser, Michelob ULTRA, and Stella Artois.

While we acknowledge the potential of BUD 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 BUD 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.