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Market Chatter: BlackRock Broadens Equity Exposure, Shifts AI Investments in Portfolio Shakeup

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BlackRock (BLK) is directing more money into large-cap stocks in the US and is shifting some of its artificial intelligence exposure from industry pioneers toward later adopters, Bloomberg reported Wednesday, citing an investment outlook it viewed.

The company is also reducing the size of its regional tilts across US, developed and emerging markets, the report said.

BlackRock didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $1070.22, Change: $+3.56, Percent Change: +0.33%

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KB Home Fiscal Q3 Earnings, Revenue Decline

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Top Cryptocurrencies Mixed; Bitcoin Holds Above $86,000 Level

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$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD