Wall Street Split on Brookfield Asset Management Ltd. (BAM)

Brookfield Asset Management Ltd. (NYSE:BAM) is among the best holding company stocks to buy according to analysts. According to TheFly, UBS initiated coverage of Brookfield Asset Management Ltd. (NYSE:BAM) on December 11, with a ‘Neutral’ rating and a price target of $59, which suggests an upside potential of about 10% from the current level. Although views on valuations and consensus expectations are mixed, the firm noted that sector fundamentals across 20 U.S. asset managers and brokers appear solid.

On December 9, Reuters reported that Brookfield Asset Management Ltd. (NYSE:BAM) and Qai, an AI company owned by Qatar’s sovereign wealth fund, had formed a $20 billion joint venture. This partnership aims to develop artificial intelligence infrastructure in Qatar, positioning it as a top AI hub in the Middle East and select international markets.

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Additionally, the venture will establish an integrated computing center that enhances regional access to high-performance computing capabilities and facilitates the deployment of AI technology across key sectors. Through its recently disclosed Artificial Intelligence Infrastructure Fund, which aims to invest $100 billion globally, Brookfield Asset Management Ltd. (NYSE:BAM) will invest alongside Qai.

As expressed by Bruce Flatt, CEO of Brookfield Asset Management Ltd. (NYSE:BAM),

“We are thrilled to assist Qatar in establishing this investment in next-generation AI and digital infrastructure alongside Qai. As our inaugural AI infrastructure investment in the Middle East, this partnership combines Qatar’s strategic vision with Brookfield’s global expertise.”

TheFly reports that both entities will inject capital and operating expertise to support the country’s acceleration of the digital and AI ecosystem. What’s even more interesting is that the Government of Qatar will assist in providing skills and supply chain support, which are needed to drive the adoption of AI throughout Qatar.

Brookfield Asset Management Ltd. (NYSE:BAM) is a New York-based private equity firm that engages in acquisitions and growth capital investments. Founded in 2022, the company focuses on renewable power and transition, as well as infrastructure sectors.

While we acknowledge the potential of BAM 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 BAM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.