BlackRock Overweight AI Despite Higher Risks, Li Says
TL;DR
BlackRock is sticking with its AI thesis, Global Chief Investment Strategist Wei Li told Bloomberg Television. She says the firm's conviction is unchanged, while acknowledging that risks around commoditization and capital capacity have risen in recent weeks. BlackRock is not adding to the position, but it remains overweight.
Nauti's Take
The notable part is the candour: BlackRock stays overweight while naming two concrete risks, model commoditization and tightening capital for further buildout. The opportunity sits exactly where models turn into commodities, with the companies applying AI rather than building it.
Caution belongs on the infrastructure bets that only work if capital keeps flowing at the current pace.
Sources