<div id="readability-page-1"><img width="740" height="416" src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2020/08/81906276-s-740x416.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2020/08/81906276-s-740x416.jpg"/>As the US artificial intelligence (AI) stocks continue their meteoric rise, concerns of an overheated market are prompting investors to look elsewhere.With the dollar showing signs of weakness and tech valuations keeping stretched, UK is emerging as a fertile ground for bargain hunters.Sean Peche, portfolio manager at Ranmore, believes there are overlooked gems in Britain’s equity landscape – especially for those seeking shelter from the AI frenzy.“You’ve got to be selective,” he told CNBC today, “but there’s lots of other opportunities out there in the world.” Here’s a list of his favorite UK stocks to own heading into 2026.<h2>Diageo Plc (LON: DGE)</h2>Diageo, the global beverage powerhouse behind Guinness, has had a rough year, with its UK-listed shares down more than 25%.Yet Peche sees promise in the company’s fundamentals and brand strength. A recent leadership change triggered some recovery, hinting at renewed investor confidence.Despite recent earnings disappointments, Peche remains optimistic, calling Guinness a “jewel” and highlighting the company’s “nice dividend yield of 4.13%.”While the broader spirits market faces headwinds, Diageo’s portfolio and global reach could offer resilience.For investors wary of inflated tech valuations, this deeply discounted consumer staple may offer a more grounded alternative. Wall Street also currently has a consensus “overweight” rating on DGE stock.<h2>EasyJet Plc (LON: EZJ)</h2>Budget airline EasyJet has also had a turbulent year, with its stock falling nearly 20% since June. Still, Peche ranks it among his top holdings, citing strong third-quarter results and rising passenger numbers.The company posted a £286 million profit before tax, up £50 million from the previous year. Although it faced losses earlier in 2025, current bookings suggest it’s on track to meet full-year expectations.EasyJet is expanding its routes and holiday packages, though it forecasts lower earnings per flight.According to Sean Peche, technology is helping travel firms become “far better businesses than they once were,” making EasyJet stock a compelling pick for value-focused investors – especially since it pays a dividend yield of 2.54% as well.<h2>Greggs Plc (LON: GRG)</h2>Greggs, the UK’s beloved bakery chain, has seen its shares tumble by over 45% this year.A scorching summer dented sales, but Peche remains constructive. “It’s a great business,” he argued on the CNBC interview, praising its affordability and customer loyalty.Greggs offers coffee at a fraction of the price of rival chains, yet its shares trade at historic lows.The firm has also embraced innovation, from viral social media moments to quirky partnerships like its sausage roll ATM with Monzo.With strong brand equity and growth potential, Greggs’ stock could be a tasty addition to portfolios seeking shelter from AI-driven volatility. The London-listed firm currently pays a rather lucrative dividend yield of 4.43% which makes it even more attractive for income-focused investors.The post Worried about an AI bubble? Buy these underrated UK stocks appeared first on Invezz</div>

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Amid concerns of an AI stock bubble in the US, investors are eyeing UK stocks for value. Sean Peche from Ranmore highlights Diageo, EasyJet, and Greggs as undervalued UK stocks with strong fundamentals and attractive dividend yields. Diageo offers resilience with its global reach, EasyJet shows growth potential despite past losses, and Greggs boasts strong brand equity and innovation. These stocks provide alternatives to inflated tech valuations, appealing to value-focused investors.