Goldman Sachs lists stocks outside the AI trade, including Formula One, Live Nation, MSCI and Marriott

According to CNBC, Goldman Sachs recommended a group of stocks as investors look for opportunities beyond the artificial intelligence trade that has lifted markets since late 2022. Goldman analysts led by Ben Snider said volatility has made it harder for many fund managers to stay bullish on AI infrastructure, and their conversations with investors have centered on finding opportunities not tied to AI. The bank highlighted themes including consumer spending and highly profitable companies trading at steep discounts, with Formula One Group Series, Live Nation, MSCI and Marriott International among the names cited. Formula One was also named a top pick by Morgan Stanley with a $120 price target, Live Nation had its target raised to $208 by UBS, Jefferies initiated MSCI with a $760 target, and Morgan Stanley lifted Marriott's target to $380 from $353.