BlackRock’s Larry Fink Says AI Is Creating a New Trillion Dollar Asset Class – And Trump’s Policies May Accelerate It
Publish Date: 2026-05-09 15:04:00
Source Domain: 247wallst.com
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Rising AI Infrastructure Spending: Semiconductor stocks have rallied, utilities are gaining importance, and hyperscalers are investing heavily in data centers across the U.S.
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President Trump’s Push for Domestic Manufacturing: President Donald Trump has been advocating more domestic investment in manufacturing, energy, and AI infrastructure to keep the U.S. ahead technologically.
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Potential New AI Asset Class: Larry Fink argued that AI could create a new asset class centered on “futures on compute”—contracts guaranteeing future access to AI computing capacity.
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Sourcing Issues in AI: AI creates shortages in four critical markets: compute power, chips, memory, and electricity due to the high demand for large AI systems.
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Compute’s Financialization: As compute power grows in scarcity, it is possible to foresee financial products, like oil futures, emerging around AI processing power.
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Global AI Infrastructure Spending: Goldman Sachs predicts global AI-related infrastructure spending to approach $1 trillion over the next several years.
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Market Valuation Shift: Companies that control compute power, such as infrastructure owners, are now commanding premium valuations because compute capacity is viewed as strategic.
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Energy’s Hidden Role in AI: AI may increasingly hinge on energy resources, including electricity, cooling, and fiber networks. This means that utility companies could see significant growth tied to future AI power demands.
