Looking for AI stocks that are still cheap? Consider these two under-the-radar picks.

Investors seeking AI exposure have largely concentrated on chipmakers and software names, but Simon King of Saturna Capital points to a less crowded corner of the theme: base metals. In remarks reported by Dow Jones, King named two stocks tied to base metals for investors looking beyond the beaten path of AI-related trades.

The logic rests on the physical buildout behind AI. Data centers, power infrastructure and grid upgrades all require substantial quantities of industrial metals, so demand for copper and related materials can rise alongside computing investment. That gives metals-linked companies a potential role in the AI supply chain that differs from that of semiconductor firms.

The approach carries distinct risks. Base-metal producers are cyclical and sensitive to global growth, commodity prices and project execution, and their shares may not track AI sentiment closely. Investors considering this angle may want to examine each company's cost position, production profile and balance sheet, and to treat metals exposure as a complement rather than a substitute for broader AI holdings.