BlackRock C-level executive Helen Jewell has said that AI is expected to continue to dominate the markets in 2026, even though the market will experience considerable volatility and behaviour driven by speculative trading.
Jewell gave these comments in an exclusive exchange with Reuters, saying that she expected the market to grow, noting the huge amounts of capital being spent by companies with sizeable cash reserves. She is the CIO of fundamental equities EMEA.
She also said that she was adding on to positions in European energy and infrastructure groups, due to AI spurring on demand for clean energy, turbines, and grid technology.
The AI sector is currently undergoing a swell in size, as companies such as NVIDIA and Alphabet ramp up their investments in AI chips, which are now the commodity of choice among firms looking to build infrastructure.
NVIDIA’s Blackwell chip is particularly popular in the market driving a huge portion of the company’s revenue with sales of 6 million chips across 4 quarters, giving the company $5 trillion in market capitalization.