BlackRock Likes Chips, Hardware in Overweight AI Stance

BlackRock’s chief global investment strategist, Wei Li, revealed in April 2026 that the firm is prioritizing semiconductor and hardware stocks amid its AI-focused investment strategy. The overweight stance on "semis and hardware" reflects BlackRock’s bet on foundational AI infrastructure, signaling confidence in sustained demand for chips and data center components. Li’s remarks, made on Bloomberg Television, underscore a broader trend of institutional investors targeting AI supply chains over software or applications. Capital expenditure in AI hardware remains a key driver, with BlackRock anticipating strong earnings growth tied to chipmakers and equipment suppliers. The strategy aligns with rising AI adoption, positioning hardware as a critical, long-term investment theme rather than a short-term speculative play.