BlackRock Executive Sees AI Capex Holding Steady for 2-3 Years

Helen Jewell, International CIO for Fundamental Equities at BlackRock, pushed back on the notion that AI-related capital expenditure (capex) commitments could unravel quickly, arguing they will remain stable for the next two to three years. She contends that the massive planned spending by major U.S. tech companies on data centers and specialized chips will hold even amid deteriorating cash flow and rising debt.report