Is Walmart (WMT) The Best Non-AI Stock to Buy?

We recently published Top 10 Trending Stocks and ETFs as Analyst Predicts $9 Trillion Productivity Gains Due to AI. Walmart Inc (NYSE:WMT) is one of the top trending stocks.

Tim Seymour, the founder and Chief Investment Officer of Seymour Asset Management, talked about WMT in a recent program and said the stock has potential for multiple expansion in the future. Here is what he said:

“There’s there’s no question I guess the theme of tonight is rerating and while we talked about that with Walmart Inc (NYSE:WMT) with a north of 30 multiple most of this year and could it support it. Given the environment we have people will ask questions later. They’re there. You know, people people will take this multiple higher and I think you probably should.”

Walmart Inc (NYSE:WMT) recently said it is partnering with OpenAI to use AI in retail channels to allow customers to shop online at Walmart Inc (NYSE:WMT) through ChatGPT using Instant Checkout.

Jefferies analyst Corey Tarlowe said the partnership would help Walmart Inc (NYSE:WMT) gain more mind and wallet share from customers, and support sales and margin growth.

While we acknowledge the potential of WMT 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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