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e're taking a closer look at Fidelity National Financial, Inc. (NYSE:FNF) in the context of non-tech AI opportunities amidst the DeepSeek selloff. Investors are seeking safer ways to capitalize on the AI boom beyond traditional tech stocks. Goldman Sachs identified sectors like utilities, industrials, retail, and healthcare as key beneficiaries of AI-driven productivity gains and cost reductions.

    Goldman's chief US equity strategist, David Kostin, outlined four phases of the AI boom. The first phase focuses on NVIDIA and AI chipmakers, while the second phase involves AI infrastructure companies, including semiconductor, data center, networking, cloud, and security firms. These stocks have significantly outperformed market benchmarks in 2024.

    The third phase will involve companies integrating AI into their products to drive revenue growth, while the fourth phase includes businesses that will realize long-term productivity gains from AI adoption. The industrial sector is a prime example of this trend, with AI-exposed firms more than doubling in value since early 2023. Goldman Sachs anticipates these trends will continue, with downstream AI stocks eventually rallying as their AI-driven efficiencies translate into earnings growth.

    As the US stock market experiences a tech selloff following the sudden popularity of Chinese AI startup DeepSeek, investors are monitoring non-tech AI opportunities that hold explosive growth potential. According to Goldman Sachs, the rise of AI-driven data centers is fueling a massive increase in electricity demand, with power needs expected to grow by over 160% by 2030. Nuclear energy will play a critical role in meeting this demand, but natural gas, renewables, and battery storage will also be essential.