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Benzinga
  • 8 months ago
BlackRock’s new global outlook argues that artificial intelligence will shape the entire macro environment in 2026 as the U.S. enters a capital-intensive AI regime. The firm expects trillions in global AI capex through 2030, saying this front-loaded investment can keep economic growth steady even as hiring slows and traditional cycle signals soften. BlackRock warned that early spending paired with delayed revenues raises leverage, rate sensitivity, and pricing pressures, and said the AI buildout may exceed past tech revolutions in scale. The firm remains overweight U.S. equities and AI, noting that most portfolios are still underexposed and shifting away from AI or megacaps is now an active, not neutral, decision.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:03BlackRock said artificial intelligence will define the macro environment in 2026,
00:08according to its new global outlook. The firm said the U.S. is entering a capital-intensive
00:13AI regime, supported by trillions in projected global capex through 2030.
00:18BlackRock said AI-related capital spending can support economic growth,
00:22even as hiring slows and traditional cycle indicators weaken.
00:25The firm also said front-loaded investment and delayed revenues increase leverage,
00:31rate sensitivity, and pricing pressures, adding that the AI build-out could surpass past
00:37technological revolutions. BlackRock remains overweight U.S. equities and AI, arguing most
00:43portfolios remain underexposed to the primary driver of returns and that shifting away from AI or U.S.
00:49mega caps has become an active bet rather than a neutral allocation.
00:52For all things money, visit Benzinga.com.
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