AI. AI. AI. AI.

That’s all anybody talks about right now.

And honestly, I get it.

The AI trade has completely taken over the market.

But today, let’s take a break from the world’s most talked-about investment theme.

Here are 3 non-AI stocks to buy NOW.

1. Netflix (NFLX)

Netflix got crushed over the last year as the company pursued a deal for Warner Bros. Discovery.

Investors hated the idea.

The concern was simple:

Netflix built one of the best businesses in media by staying focused on streaming.

Buying a legacy media giant loaded with debt risked turning Netflix into the exact type of bloated entertainment company investors were trying to avoid.

The market punished the stock hard.

Then in February, Netflix officially walked away from the deal.

The stock immediately exploded higher from roughly $75 to $100 as investors celebrated the decision.

Today, however, shares sit closer to $88.

And that’s where things get interesting.

The underlying business remains incredibly strong.

Netflix is still a household staple, subscriber engagement remains high, margins are healthy, and the company continues generating enormous cash flow.

Meanwhile, the biggest overhang on the stock – the Warner Bros. Discovery acquisition fears – is now gone.

Yet the stock still trades at one of its cheapest valuations in years.

To me, that disconnect creates opportunity.

2. Toast (TOST)

Toast is a company many investors completely wrote off after the meme-stock era ended.

A few years ago, this was one of the market’s favorite hyper-growth stories.

Then sentiment collapsed.

But underneath the volatility, Toast quietly kept building a real business.

The company provides payment systems, software, and operational tools for restaurants.

Think point-of-sale systems, payroll, online ordering, inventory management, and employee scheduling, all bundled into one ecosystem.

And the business continues growing rapidly.

What catches my attention now is the valuation.

Toast trades around 14x next year’s earnings, which is very reasonable for a company still growing at a healthy pace.

Even more importantly, earnings estimates are moving higher.

Three months ago, analysts expected next year’s earnings to come in around $1.56 per share.

Now that number is closer to $1.69.

Yet despite improving fundamentals, the stock is down roughly 20% over that same stretch.

That’s the kind of disconnect worth paying attention to.

3. Pegasystems (PEGA)

Pegasystems is another interesting setup that almost nobody knows about.

The company builds workflow automation and customer engagement software for large enterprises.

In simple terms:

Pegasystems helps big companies automate repetitive business processes, improve customer service workflows, and manage complex internal operations more efficiently.

It’s not flashy.

But it’s a real business serving major enterprise customers.

And like much of the software sector, the stock has been absolutely crushed.

Today, Pegasystems trades around 11x next year’s earnings despite estimates continuing to rise.

Just three months ago, analysts expected earnings of roughly $2.54 per share next year.

Now that estimate sits closer to $3.04.

Yet the stock continues drifting lower.

Management clearly believes the stock is undervalued too.

The company has been returning cash to shareholders through both buybacks and dividends – something you rarely see from software companies that investors still view as “growth” stocks.

This combination of low valuation, rising earnings estimates, and shareholder returns makes the setup compelling.

The Bottom Line

I spend a lot of time talking about AI stocks because that’s my area of expertise.

And to be clear, I still think AI remains one of the biggest long-term opportunities in the market.

But great investments certainly aren’t exclusive to the AI buildout.

Netflix, Toast, and Pegasystems are all good examples of that right now.