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Barchart

Mohit Oberoi

Time to Buy: This Cheap High-Yield Dividend Stock Is Trading Near Multi-Year Lows

Artificial intelligence (AI) has been the predominant investing theme pretty much across the world. Investors are chasing stocks seen as winners in the AI arms race while ditching names that are either seen as AI losers or whose business models are being threatened by AI.

The traditional consulting and IT services are among the businesses that are at risk from the technology. With AI looking to automate coding and back-office tasks, the "man-hours" model that IT services firms rely on could be at risk. The flurry of AI tools released by Anthropic particularly compounded such fears and led to a selloff in software stocks.

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