April 1, 2026 04:58 PM seekingalpha.com Positive

AI-linked stocks see surge in ownership breadth, led by Palantir and GE Vernova

AIQ AMD ANET APH AVGO BOTZ CHAT DTEC GEV GILD GINN MCK META PLTR ROBT TECB THNQ WDC WISE XAIX

[Artificial intelligence circuit board 5]
Jonathan Kitchen

Stocks tied to artificial intelligence themes have dominated gains in ownership breadth over the past year, underscoring continued investor rotation into the sector, according to a Bank of America note citing FactSet data.

Palantir Technologies (PLTR [https://seekingalpha.com/symbol/PLTR]) topped the list, with the share of funds holding the stock rising to 32% from 8% a year earlier, marking a 24 percentage point increase. GE Vernova (GEV [https://seekingalpha.com/symbol/GEV]) followed, with ownership climbing 15 points to 37%, while Amphenol (APH [https://seekingalpha.com/symbol/APH]) and Western Digital (WDC [https://seekingalpha.com/symbol/WDC]) also posted double-digit gains.

The trend reflects broad-based institutional accumulation across both established semiconductor names and newer AI-linked plays. Broadcom (AVGO [https://seekingalpha.com/symbol/AVGO]), a key beneficiary of AI-driven demand for custom chips, saw ownership rise 12 points to 75%, one of the highest penetration levels among large-cap stocks.

Healthcare names such as Gilead Sciences (GILD [https://seekingalpha.com/symbol/GILD]) and McKesson (MCK [https://seekingalpha.com/symbol/MCK]) also featured on the list, suggesting that the breadth expansion is not limited strictly to pure-play AI firms but extends to companies benefiting from data-driven and operational efficiencies.

Meanwhile, megacap technology firms, including Meta Platforms (META [https://seekingalpha.com/symbol/META]), Advanced Micro Devices (AMD [https://seekingalpha.com/symbol/AMD]), and Arista Networks (ANET [https://seekingalpha.com/symbol/ANET]), continued to attract incremental fund ownership, reinforcing their central role in AI infrastructure and deployment.

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