Betting on US stocks and AI BlackRock's 185 billion portfolio major adjustment

Huobi HTX reported that an investment outlook report shows that BlackRock (BLK.N), the world's largest asset management company, is "raising its risk allocation" - significantly increasing its holdings in U.S. stocks and increasing its exposure to the field of artificial intelligence (AI) in its $185 billion model portfolio platform. The outlook report pointed out that with the "top profit performance" of the US stock market, BlackRock has increased its allocation to US stocks in its series of model combinations at the expense of reducing its holdings of international developed market stocks. After adjustment, the overall stock holdings of these combinations exceeded 2%. Data shows that on Tuesday (the day of adjustment), as BlackRock completed asset allocation adjustments, billions of dollars of capital flows occurred between its corresponding exchange-traded funds (ETFs). BlackRock's adjustment of the model combination this time is a "vote of confidence" put on the rise in US stocks: since this year, driven by the investment boom in the AI ​​field and the market's bet on the Fed's upcoming interest rate cut cycle, the S&P 500 has hit a record high. BlackRock said in its investment report that the relatively strong earnings performance of U.S. companies will drive U.S. stocks to continue to rise, noting that since the third quarter of 2024, U.S. corporate profits have increased by 11%, while similar companies in other developed markets have increased by less than 2%.