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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
Nick Ravenshade
Midday Movers: Microsoft Slides on AI Quotas; Netflix Dips on Deal Chatter; Marvell and GitLab Drive Rotation

Midday Movers: Microsoft Slides on AI Quotas; Netflix Dips on Deal Chatter; Marvell and GitLab Drive Rotation

NEW YORK — U.S. equity markets experienced pronounced intraday rotation on Wednesday as a cluster of company-specific headlines intersected with high-frequency trading flows, prompting investors to rebalance exposure across software, cloud infrastructure, semiconductors and media. The session showed how conviction shifts about AI monetization, content deals and design-win progress can
Nick Ravenshade