BlackRock, the world’s largest asset manager, sees value in artificial intelligence in the coming year but will focus on broader opportunities. Investors favor energy and infrastructure providers over big tech for AI investments in 2026, according to BlackRock’s survey. Concerns about returns on capital and borrowing are shifting focus towards new investment ideas.

In a survey of 732 companies in EMEA, only 20% viewed U.S. tech giants as the top AI investment. Over half prefer power providers for data centers, and 37% prioritize infrastructure investments. BlackRock emphasizes the need to manage risk in megacap and AI exposure while capturing unique opportunities.

BlackRock’s head of core U.S. equity, Ibrahim Kanan, highlights the importance of risk management and seizing upside opportunities in AI investments. Only 7% of respondents believe the AI theme is a market bubble, as per the survey. The survey data was reported by Naomi Rovnick, edited by David Goodman.

Read more at Yahoo Finance: Investors back energy providers over big tech for 2026 AI bets, says BlackRock