BLACKROCK STAYS AI BULLISH DESPITE RISING RISKS

Li told Bloomberg Television that BlackRock recognizes growing concerns around commoditization and capital capacity constraints that have emerged recently. "We have not changed our conviction in the overall AI thesis," she stated, emphasizing that the firm's foundational belief in AI's long-term potential remains intact. The strategist clarified that while BlackRock is not adding to its existing conviction, the overweight positioning stays in place. This reflects a measured approach—maintaining exposure to the sector without escalating bets amid heightened uncertainties. The statement comes as AI valuations face scrutiny and competition intensifies among chip makers and software providers. BlackRock's stance suggests institutional investors view near-term volatility as distinct from longer-term AI adoption trends, even as they acknowledge near-term headwinds.