10 High-Flying AI Stocks This Week

4. BlackRock, Inc. (NYSE:BLK)

Number of Hedge Fund Holders: 53

BlackRock, Inc. (NYSE:BLK) is a global investment management company that provides investment, advisory, and risk management solutions to help clients build financial well-being through investing. The company received a significant boost on March 19 on the expansion of its artificial intelligence infrastructure partnership with Microsoft.

Confirmation that Nvidia and Elon Musk’s AI startup xAI will join the Global AI infrastructure investment partnership strengthens the company’s ambitions as it looks to capture value in the AI infrastructure investment landscape. BlackRock’s clients looking to get exposure to the expansion of AI infrastructure will now have a significant new investment vehicle thanks to the partnership’s ambitious $100 billion capital mobilization target, which includes loan financing.

Furthermore, GE Vernova and NextEra Energy have committed to working with AIP to expedite the expansion of vital and varied energy solutions for AI data centres and supply creative and highly efficient energy solutions.

“AI infrastructure will play an increasingly critical role in driving economic growth across every industry and every region of the world,” said Satya Nadella, Chairman and CEO of Microsoft. “We’re thrilled to welcome these new companies to the AI Infrastructure Partnership as we invest together to build the infrastructure of the future.”