ArticleInsights2 min
BlackRock Doesn't Bet on Who Wins AI. It Bets on Whoever Wins Needing Chips.
BlackRock's AI ETF increased overweight on infrastructure (chips, data centers, networking) during AI selloff — rotating away from model vendors toward picks-and-shovels plays with more predictable cash flows
AI InfrastructureData CentersSemiconductors
Asif Waliuddin
Feb 22, 2026