BlackRock sees no AI bubble and says AI winners will drive market returns for a while

seekingalpha06-19

The market rally (SP500)(COMP:IND) fueled by the current AI investment trend has legs to keep going for a while longer, but capital spending on AI will likely be inflationary near-term, BlackRock said...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2444942461?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1999938268/image_1999938268.jpg","is_english":true,"pubTime":"2024-06-19 06:09","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2444942461","market":"nz","top_or_hot":-1,"title":"BlackRock sees no AI bubble and says AI winners will drive market returns for a while","media":"seekingalpha","content":"<div>\n<p>The market rally (SP500)(COMP:IND) fueled by the current AI investment trend has legs to keep going for a while longer, but capital spending on AI will likely be inflationary near-term, BlackRock said...</p>\n\n<a href=\"https://seekingalpha.com/news/4117188-blackrock-says-theres-no-ai-bubble-and-ai-winners-will-drive-market-returns-over-a-short-term-horizon\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock sees no AI bubble and says AI winners will drive market returns for a while</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackRock sees no AI bubble and says AI winners will drive market returns for a while\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-19 06:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4117188-blackrock-says-theres-no-ai-bubble-and-ai-winners-will-drive-market-returns-over-a-short-term-horizon><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The market rally (SP500)(COMP:IND) fueled by the current AI investment trend has legs to keep going for a while longer, but capital spending on AI will likely be inflationary near-term, BlackRock said...</p>\n\n<a href=\"https://seekingalpha.com/news/4117188-blackrock-says-theres-no-ai-bubble-and-ai-winners-will-drive-market-returns-over-a-short-term-horizon\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2505996681.GBP","symbol_name":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","start_time":0,"source_url":"https://seekingalpha.com/news/4117188-blackrock-says-theres-no-ai-bubble-and-ai-winners-will-drive-market-returns-over-a-short-term-horizon","article_id":"2444942461","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1999938268/image_1999938268.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444942461","pubTimestamp":1718748562,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The market rally (SP500)(COMP:IND) fueled by the current AI investment trend has legs to keep going for a while longer, but capital spending on AI will likely be inflationary near-term, BlackRock said","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","BOTZ":"Global X Robotics & Artificial Intelligence Thematic ETF","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","NVDA":"英伟达","IGM":"iShares Expanded Tech Sector ETF","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4573":"虚拟现实","AAPL":"苹果","BK4581":"高盛持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4135":"资产管理与托管银行","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0238689110.USD":"贝莱德环球动力股票基金","AIQ":"Global X Future Analytics Tech ETF","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","MSFT":"微软","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0079474960.USD":"联博美国增长基金A","BK4592":"伊斯兰概念","BLK":"贝莱德","LU0061474960.USD":"天利环球焦点基金AU Acc","VOO":"Vanguard标普500ETF","BK4571":"数字音乐概念","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4576":"AR","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","IVV":"标普500指数ETF","LU0109392836.USD":"富兰克林科技股A","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IYW":"美国科技ETF-iShares","BK4566":"资本集团","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","FTEC":"Fidelity MSCI Information Techno","BK4577":"网络游戏"},"translate_title":"贝莱德认为不存在人工智能泡沫，并表示人工智能赢家将在一段时间内推动市场回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IYW":1,"VOO":1,"NVDA":1,"MSFT":1,"AAPL":1,"IVV":1,"IGM":1,"FTEC":1,"BOTZ":1,"BLK":1,"AIQ":1},"content_text":"The market rally (SP500)(COMP:IND) fueled by the current AI investment trend has legs to keep going for a while longer, but capital spending on AI will likely be inflationary near-term, BlackRock said in a weekly commentary note. The command that AI prospects hold is highlighted by Nvidia (NVDA). The AI chipmaker on Tuesday became the world’s most valuable publicly traded company, overtaking Microsoft (MSFT) and Apple (AAPL) with a +$3.3T valuation. Nvidia has been a key contributor to the double-digit percentage gains in the S&P 500 (SP500)(IVV)(VOO) and the Nasdaq Composite (COMP:IND) this year. 2024. Apple (AAPL), meanwhile, recently hit record highs after introducing its Apple Intelligence AI system. “The AI rally is supported by earnings and has more room to run, in our view. We don’t see an AI bubble,” Jean Boivin, head of the BlackRock Investment Institute, said in a note Monday. A “concentrated group of AI winners” should drive market returns over a short-term tactical horizon of six to 12 months, it said. BlackRock did not specify any stock names. The profitability of mega-cap tech companies stands in contrast to the “unprofitable” companies that fronted the dot-com bubble, Boivin said. BlackRock remains overweight the tech sector and the AI theme. “Healthy corporate balance sheets and earnings momentum support our pro-risk view,” he said. But BlackRock also said its portfolio managers increasingly think the initial capital expenditures needed to build out AI could be inflationary. Spending on AI data centers has surged, and ‘a lot’ more spending will take place in the coming years. “This capex boom and draw on resources could create bottlenecks, meaning AI will likely be inflationary in the near term before unlocking any of the long run benefits that could ease inflationary pressures,” Boivin said. “This nuance is not appreciated by markets or central banks, in our view.” Among ETFs with AI exposure: (IYW), (FTEC), (BOTZ), (AIQ) and (IGM). More on the markets   Nvidia will own AI market, just as Apple owned mobile: Knox Ridley at SA Investing Summit S&P 500 could be on the brink of a multi-decade bear market: Avi Gilburt at SA Summit Nvidia ‘in the driver's seat’ as Citi raises S&P target but cautions on market pullback Tech bull market to last another 2–3 years: Wedbush's Dan Ives at SA Investing Summit 5 Things Dividend Investors Need To Know About The Fed, Jobs And Inflation","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444942461"}