BlackRock’s Pick-and-Shovel Play: Betting on Data Centers, Chips and Power as AI Spending Surges
NEW YORK — BlackRock has repositioned its capital across public and private markets to capture the industrial phase of the artificial intelligence buildout, prioritizing firms that supply computing power, networking, and energy rather than the headline-making model owners themselves. The firm’s multi-asset playbook angles toward pick-and-shovel beneficiaries - data center
