Recently, Nvidia (NVDA) CEO Jensen Huang reiterated that the “AI bubble fears are overdone.” Jensen also opined that the “demand for AI infrastructure will continue to outrun the supply of components for years to come.” While this view might be true, it makes sense to pursue some diversification to sectors and stocks that have been depressed for an extended period.
One name that deserves attention is Comcast (CMCSA). CMCSA stock has been in a downtrend over the last five years and trades at attractive valuations. Further, the stock offers a dividend yield of 6.32%, and dividends are sustainable considering the cash flow profile.
