BlackRock Leads $40 Billion Data Center Acquisition to Boost AI Growth
TL;DR Summary
BlackRock, the world's largest asset manager, has partnered with Nvidia and Microsoft to acquire Aligned Data Centers for $40 billion, expanding its AI infrastructure investments amid a booming AI sector. The deal supports BlackRock's broader plan to invest up to $100 billion in AI-related data infrastructure, highlighting its significant role in the AI and data center markets. BlackRock's stock remains strong, with the company showing market leadership and continued growth in AI-related assets.
- Big Daddy Of Wall Street Jumps Into Buy Range. Time To Buy? Investor's Business Daily
- Nvidia, Microsoft, xAI and BlackRock part of $40 billion deal for Aligned Data Centers CNBC
- Macquarie confident in AI, data centre future after $40 billion Aligned sale Yahoo Finance
- BlackRock, GIP and MGX in $40bn data centre takeover to power AI growth Financial Times
- BlackRock’s AI Consortium to Buy Aligned Data Centers in $20 Billion Deal The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
85%
490 → 73 words
Want the full story? Read the original article
Read on Investor's Business Daily