2026 Global Outlook Q2 update

BlackRock

Research

28 Pages

BlackRock Investment Institute explores how AI is driving an economic transformation that extends well beyond the technology sector. The authors argue that unprecedented AI investment could reshape growth, inflation, capital markets, and portfolio construction for years to come. The outlook also suggests investors may need to rethink traditional diversification as AI spending and market leadership become increasingly concentrated.

Key Takeaways

AI Investment: Companies have announced $5 trillion to $8 trillion of intended AI infrastructure spending through 2030, dwarfing previous technology investment cycles.
Growth Boost: BlackRock estimates AI investment could contribute about three times the historical average to U.S. economic growth as deployment accelerates.
Power Demand: AI data centers could require 100 gigawatts of additional global electricity capacity by 2030, highlighting the scale of supporting infrastructure needed.

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