BlackRock Trims Positions in AI Stocks Amid Market Debate
BlackRock has reduced its exposure to companies most directly tied to the artificial intelligence (AI) boom as part of a rebalancing strategy, according to Rick Rieder. The firm is shifting focus from high-growth AI stocks toward more affordable beneficiaries like power producers and industrials.
Tickers: $BLK
Topics: AI stocks BlackRock positioning portfolio rebalancing