Wall Street has overlooked a class of stocks that typically outperforms the market but is currently offering the best bargain in nearly 30 years, according to Ruchir Sharma, chair of Rockefeller International.

In a Financial Times column on Sunday, the market veteran said investors have thrown up their hands amid the ongoing debate about whether the AI boom is bubble about to burst, while other assets look too pricey as well.

“But there is a once-in-a-generation opportunity in global markets that could deliver strong returns regardless of how AI mania plays out,” he wrote. “The opportunity is in quality stocks, particularly those trading at relatively inexpensive prices.”

Those stocks—which have high returns on equity, stable earnings growth, and low debt—have historically traded at hig

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