Saturna's Simon King Points to Base Metals as an Overlooked Way Into the AI Trade

Investors looking for exposure to artificial intelligence often end up in the same few large companies, which can make those names look expensive. Simon King of Saturna Capital is pointing to a different corner of the market. He has highlighted two stocks tied to base metals as under-the-radar options for anyone who wants AI-related exposure without paying a premium.

The reasoning follows the supply chain. Data centers, power networks and the electrical equipment that supports them all require large amounts of copper and other industrial metals. Companies that mine or supply those materials sit upstream of the spending, which is the basis of King's case that they may be overlooked by investors focused on headline AI names.

The brief summary available for this item does not detail the valuation figures, price targets or company-specific reasoning behind either pick, so it is best read as one analyst's view rather than a recommendation. Base metals are cyclical, tied closely to China's economic health and commodity prices, and smaller mining stocks can swing sharply. Investors considering either name should review current financials and their own risk tolerance first, or consult a financial adviser.

For the names of the two stocks and King's full rationale for each, consult the original interview.