BlackRock Bullish on AI: Predicted to Dominate Global Markets till 2026
BlackRock, a global investment giant, anticipates artificial intelligence to remain a dominant force in global markets through 2026, despite some inherent risks. With capital expenditure on AI projected to reach between $5 trillion and $8 trillion by 2030, BlackRock sees AI as a major economic driver influencing inflation, investment patterns, and market growth. The firm's AI-focused strategy remains overweight on U.S equities and AI investments, highlighting unrealized earnings potential. Could AI hold the key to future market dynamics?
Dec 5