BLACKROCK OVERWEIGHTS CHIP STOCKS IN AI BET

Wei Li, who leads investment strategy at the world's largest asset manager, told Bloomberg Television that BlackRock is specifically overweighting semis and hardware stocks. The positioning reflects confidence that semiconductor manufacturers and hardware makers will capture significant value as companies ramp spending on AI infrastructure. The move highlights a strategic focus on the foundational layer of AI adoption—the chips and equipment needed to power AI systems—rather than broader AI software plays. As enterprises and cloud providers continue massive capital expenditure cycles to build out AI capabilities, semiconductor suppliers stand to benefit from sustained demand. BlackRock's stance suggests the asset manager sees semiconductor valuations as attractive relative to the earnings potential driven by AI adoption. The overweight positioning indicates the firm expects these stocks to outperform broader market benchmarks over the investment horizon.