BLK · News · 20261020N

AI Infrastructure Investment Outlook

BlackRock, Inc. · 2026-10-20 · Importance 17 · Surprise 24

BlackRock CEO Larry Fink said demand for computing capacity is growing faster than supply and characterized shortages, rather than an AI valuation bubble, as the principal risk. He cited shortages of skilled trades, power and energy, chips, and memory across the AI infrastructure chain. Fink said execution and the ability to fulfill the opportunity will determine whether the United States wins the AI race.