Despite the recent downturn, AI-related stocks remain significantly higher year-to-date. To help investors safeguard their portfolios, Trivariate Research suggests considering companies with little to no exposure to AI. The research firm compiled a list of non-AI stocks spanning various industries, including healthcare services, specialty retail, and media. The selection criteria included non-technology stocks with six-month daily trading correlations of 0.2 or lower to Trivariate’s AI semiconductors basket, as well as stocks that have risen at least 10% over the past six months, as of September 25.
Johnson & Johnson
The pharmaceutical giant has seen its stock rise by 25.6% this year. Earlier in 2025, Johnson & Johnson announced plans to invest over $55 billion in manufacturing, research and development, and technology initiatives in the U.S. over the next four years, which has significantly boosted its share price.
Paramount Skydance
Emerging from an $8 billion merger between Paramount Global and Skydance, Paramount Skydance has experienced an impressive rally of approximately 86% year-to-date. The media and entertainment conglomerate’s stock gained traction as Paramount Global implemented workforce reductions of over 3% this summer and took steps to restructure its struggling broadcast operations. Recently, the stock surged again following news of Paramount Skydance’s plans to acquire Warner Bros. Discovery.
CVS
The retail giant’s shares have skyrocketed by 68.3% this year, driven by aggressive cost-cutting measures. CVS announced last year its intention to close more than 270 stores by the end of 2025 and to lay off nearly 3,000 employees. Additionally, the company has downsized its insurance unit, which has negatively impacted its revenue in recent financial quarters.
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