Content overview: “Under-the-Radar AI Stocks: Saturna Capital's Simon King Points to Two Base-Metal Picks”. Investors hunting for AI exposure beyond megacap tech may find value in base-metal plays, according to Simon King, chief investment officer at Saturna Capital. King highlights two lesser-known stocks—Freeport-McMoRan and Teck Resources—as indirect beneficiaries of AI's surging electricity demand. Data centers powering AI require massive copper for wiring, grid upgrades, and cooling systems, creating a supply squeeze that King expects to lift copper prices and miners' profits.
Freeport, one of the world's largest copper producers, and Teck, a diversified miner with significant copper growth, both trade at valuations below the broader AI complex, offering a cheaper entry point. King's picks underscore a broader theme: the AI buildout is not just about chips and software, but also about the physical infrastructure—metals, power, and real estate—that makes it possible. For the complete material, the listing points back to the source inside the network.