BlackRock’s Larry Fink Says AI Is Creating a New Trillion Dollar Asset Class — And Trump’s Policies May Accelerate It Quick Read – Nvidia (NVDA), Broadcom (AVGO), and Constellation Energy (CEG) are positioned closest to AI infrastructure trends, with Nvidia dominating AI GPUs…
ile utilities like Constellation command premium valuations as data-center electricity demand is projected to double by 2030. Goldman Sachs estimates AI-related data centers could consume 8% of total U.S. electricity demand by decade’s end versus roughly 3% today. – BlackRock’s Larry Fink argues AI infrastructure shortages in compute, chips, memory, and electricity could spawn a trillion-dollar asset class of “futures on compute” contracts guaranteeing future access to AI processing capacity, similar to how oil and electricity evolved into massive futures markets. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks
Get them here FREE. Artificial intelligence has already reshaped the stock market. Semiconductor stocks have rallied, utilities are suddenly growth plays again, and hyperscalers are spending hundreds of billions of dollars building data centers across the U.S.
At the same time, President Donald Trump has pushed for more domestic manufacturing, energy production, and AI infrastructure investment as part of a broader effort to keep the U.S. ahead in the global technology race. But what if AI’s next phase doesn’t just create new companies — what if it creates an entirely new asset class? That’s the argument Larry Fink recently made during a public discussion about AI infrastructure and capital markets.