Cautious Investors Unloads Shares of Brookfield Asset Management (BAM)

We recently published a list of 10 Stocks Investors Dumped Fast. In this article, we are going to take a look at where Brookfield Asset Management Ltd. (NYSE:BAM) stands against other worst-performing stocks.

Brookfield Asset Management shed 4.31 percent of its valuation, finishing Monday’s trading at $55.05 apiece as investors traded cautiously, while waiting for more concrete developments from the US-China trade talks.

Based on its historical price performance, Brookfield Asset Management Ltd. (NYSE:BAM) continued to trade sideways while waiting for fresh catalysts to boost investing appetite.

Last week, Brookfield Asset Management Ltd. (NYSE:BAM) announced plans to invest up to 95 billion Swedish crowns for the development of a data center for artificial intelligence in Sweden. The total amount represents one of its largest AI investments in Europe.

According to the company, it will sign a land allocation agreement for c.350,000 sqm of additional land, enabling the data center site to more than double its capacity from 300MW to 750MW.

Cautious Investors Unloads Shares of Brookfield Asset Management (BAM)

A skyline of modern office towers built with investments from the alternative asset manager.

The new site is expected to generate more than 1,000 new permanent jobs, as well as another 2,000 jobs to support the 10 to 15-year construction process. The facility will be the first of its kind in Sweden and one of the first in Europe.

Overall, BAM ranks 9th on our list of worst-performing stocks. While we acknowledge the potential of BAM as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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