BlackRock is betting on the AI boom as it latches onto the promise of productivity gains from artificial intelligence.
The world’s largest asset manager has just introduced a bullish call on the theme, following a blistering AI-powered rally that’s already driven the best-ever first half of a year for the tech-heavy Nasdaq 100 index. It picked out semiconductor makers, companies with vast sets of data or high potential for automation as those most likely to benefit.