This fund manager tunes out AI hype to flag the infrastructure stocks to buy now. Think roads, water and telecom towers.

Bertrand Cliquet, a Lazard portfolio manager, believes that infrastructure stocks, like those involved in roads, water systems, and telecom towers, offer more value than the current AI hype suggests. Despite the excitement around AI, Cliquet argues that these essential, often-overlooked sectors are poised for growth and present strong investment opportunities. This perspective is significant because it highlights the enduring importance of foundational infrastructure in a rapidly evolving technological landscape, suggesting that investors might find more stable returns in these areas.