BlackRock Surges 6% on $12.5B AI Infrastructure Fund With Microsoft
BlackRock shares climbed nearly 6% after unveiling a $12.5 billion AI-focused infrastructure partnership with Microsoft and global partners. The fund targets data centers and energy systems, with ambitions to scale toward $30 billion in equity commitments.
Through leverage, the platform could ultimately support up to $100 billion in AI and power infrastructure investments. Investors welcomed the MOVE as a long-term play on surging demand for computing capacity and reliable clean energy.
The rally reflects growing confidence that BlackRock is positioning itself at the center of the global build-out of data centers, power generation, and grid infrastructure needed to support the AI boom.