Where did all the money from Wall Street institutions go? According to the latest report from Bank of America, it's all in AI, with companies like Palantir (PLTR.US) and Broadcom Inc. (AVGO.US) lining up to attract funds.

According to the latest research from Bank of America Corp, among the constituents of the S&P 500 index, individual stocks with the most significant expansion in institutional ownership coverage (i.e., the percentage of institutional funds holding the stock over the past year) have emerged. The data presents a clear trend: artificial intelligence (AI) and technology-related targets dominate the list, reflecting investors' high enthusiasm for the AI sector, which continues to drive funds into this sector. Among them, Palantir (PLTR.US) is leading with overwhelming dominance: its institutional ownership ratio has soared from just 7% a year ago to the current 32%, a significant increase of 26 percentage points, making it the stock with the largest increase in the S&P 500 index. Companies like Broadcom Inc. (AVGO.US), Arista Networks (ANET.US), and Amphenol (APH.US) in the AI industry chain and semiconductor-related companies also experienced a significant increase in institutional ownership, highlighting institutional funds shifting towards AI infrastructure and data technology. In addition to core technology stocks, GE Vernova (GEV.US) and Gilead Sciences, Inc. (GILD.US) also made the list, showing that investors are diversifying across industries while considering growth resilience. Companies like Meta (META.US) and Netflix (NFLX.US) from the large communication services industry also saw new institutional holdings. The following is a list of the stocks with the largest increase in institutional ownership coverage, as compiled by Bank of America Global Research, and ranked by Seeking Alpha quantitative ratings: Arista Networks and AppLovin are at the top of the list, with quantitative ratings of 4.78 and 4.52, both receiving a "strong buy" rating, the only two targets on the list with ratings exceeding 3.5. The remaining top five stocks are Western Digital Corporation, Broadcom Inc., and GE Vernova, all rated as "hold." It is worth noting that Western Digital Corporation has seen a significant increase of 54.54% in the year, leading the list; GE Vernova, despite being rated neutral, has risen 28.40% over the year. The specific list is as follows: Arista Networks, quantitative rating: 4.78 AppLovin, quantitative rating: 4.52 Western Digital Corporation, quantitative rating: 3.49 Broadcom Inc., quantitative rating: 3.48 GE Vernova, quantitative rating: 3.44 Palantir, quantitative rating: 3.44 Meta, quantitative rating: 3.37 Amphenol, quantitative rating: 3.34 Gilead Sciences, Inc., quantitative rating: 3.26 Netflix, quantitative rating: 3.18