New Delhi, July 20 -- Investors are likely to increasingly look beyond the artificial intelligence trade as extreme volatility in AI infrastructure stocks raises the appeal of consumer experience companies, high-quality "compounders" and potential mergers and acquisitions (M&A) targets, according to Goldman Sachs.

In its latest report, the investment bank said these three themes offer exposure to growth opportunities with minimal correlation to its AI baskets and the momentum factor, which has been heavily influenced by the AI trade. Goldman Sachs expects continued near-term challenges for the AI infrastructure Momentum trade, citing elevated volatility, positioning and a lack of a favourable catalyst.

The momentum factor recorded annua...