BlackRock: Investors Swap Big Tech for Energy

According to the BlackRock Investment Directions report dated January 13, 2026, global investors are rebalancing their portfolios. Over 50% of surveyed clients in the EMEA region identified Energy and Infrastructure providers (Utilities & Infra) as the most attractive sector for AI bets. In comparison, only 20% prioritize buying US tech giant stocks.

The market logic is simple: AI scaling is hitting physical limits. Data centers require colossal amounts of electricity, cooling, and data transmission networks. Therefore, "boring" infrastructure companies are becoming the main beneficiaries of the technological revolution, offering more predictable returns than the volatile stocks of neural network developers.

Source: Reuters / BlackRock