Fears of an AI ‘bubble’ have impacted sentiment on AI stocks, leading to adverse price action. Even NVIDIA’s robust Q3 results couldn’t silence doubters, with the stock facing pressure post-release. For those looking beyond AI, American Express and Caterpillar offer attractive options post-strong quarterly performances.

American Express exceeded expectations with a 19% rise in adjusted EPS and a 10% sales increase, leading to a raised sales and EPS outlook. Successful card launches and increased spending drove record sales of $18.4 billion. The stock saw a positive post-earnings reaction and a bullish trend in EPS estimates.

Caterpillar posted a 10% sales growth and strong cash generation, with operating cash flow at $3.7 billion. The company remains a Dividend Aristocrat with a shareholder-friendly nature. The stock offers a solid option for those seeking exposure beyond the AI frenzy post-strong quarterly results.

Zacks’ Research Chief highlights a stock with potential to double, emphasizing the importance of careful selection in the current market climate. Access the top stock pick and additional recommendations from Zacks Investment Research for valuable insights and opportunities in the market.

Read more at Nasdaq: AI Bubble? Non-Tech Stocks Worth a Look