blackrock ai mega force: BlackRock says AI ‘mega-force’ to buck tough macro trend
Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing an unusually concentrated rally in a handful of technology stocks.It said the extent of the concentration of gains on the S&P 500 surpassed levels seen in the 2000s tech boom. "We think this unusual equity market shows a mega force like AI can be a big driver of returns even when the macro environment is not your friend," BlackRock Investment Institute's…