Data Center Power
-
.BlackRock Leans into the “Pick-and-Shovel” Strategy as AI Spending Remains Strong
words.Ben Powell, BlackRock’s Middle East‑APAC chief strategist, says AI‑related capital spending is far from peaked, with “picks‑and‑shovels” firms such as chipmakers, power generators and copper‑wire producers set to reap the biggest gains. He notes the ongoing capex surge, rising data‑center power demand and growing use of credit markets by tech giants, suggesting more funding will flow to hardware, energy and infrastructure suppliers rather than model developers, prompting “positive surprises” for those stocks.
-
Global Stocks Slide on Valuation Concerns Before Nvidia Earnings
Global equities saw a sell-off amid valuation concerns and macroeconomic uncertainties. Markets await Nvidia’s earnings as a key AI sector indicator. European markets followed suit, with tech stocks declining. Analysts cite profit-taking, potential corrections, and “healthy skepticism” regarding AI spending and infrastructure. Concerns remain about future interest rate cuts, potential tariffs, cryptocurrency leverage, and data center power needs, suggesting a need for a multi-year perspective.
