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lackRock's 30 Most Important AI Stocks list has been compiled, and in this article, we'll examine where Jones Lang LaSalle Incorporated (NYSE:JLL) stands among its peers. In a commentary on the market outlook for artificial intelligence, Blackrock warned investors to be cautious about tech firms' AI spending scale, advising diversification into energy, utilities, real estate, and resources tied to AI infrastructure. This warning led to a new AI partnership between BlackRock, Microsoft, Global Infrastructure Partners, and MGX in September 2024, aimed at investing in data centers and supporting power infrastructure.
This initiative is part of BlackRock's strategy to enhance American competitiveness in AI while meeting the growing need for energy infrastructure. The firm expanded its product offerings to cater to the increasing interest in AI, launching two new exchange-traded funds (ETFs) in October 2024 designed to provide investors with exposure to the burgeoning AI market.
BlackRock's initiatives appear to have paid off, with a net profit of $6.37 billion last year, a 16% increase from the previous year. Revenues rose by 14% to $20.4 billion, and assets under management expanded to $11.55 trillion. The firm attributes this growth to advancements in AI technologies and projects that AI will be a significant driver of US equities and economic expansion in 2025.
BlackRock's Investment Institute notes that AI innovations are expected to outpace similar developments in Europe, with private markets playing a crucial role in funding AI-related infrastructure. The firm believes that transformative mega forces like AI technologies, net-zero carbon emission efforts, and demographic shifts have moved the global economy beyond traditional boom and bust cycles. Significant investments, akin to those of the Industrial Revolution, are needed, particularly in infrastructure tied to AI and green technology. JPMorgan shares BlackRock's claims about the importance of AI.
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