BlackRock Q3 Beats, Launches GPU Securitization, Fink Warns on AI Capex
BLK sits 17% above its 52-week low of $917.39 on elevated volume (1.8× avg).
Summary
BlackRock posted Q3 revenue of $7.75B (+19% Y/Y) and adjusted EPS of $15.93, with AUM at a record $15.5T after $205B net inflows. The company is creating securitization for GPUs and chip assets with AMD, Broadcom, and Google to finance compute for smaller firms. CEO Larry Fink warned a U.S. ban on data-center builds could trigger recession, and sees AI capex topping $1T by 2027 and $5T by 2030. BlackRock also raised its stake in Cogna Educacao to 5.055% and anchored Bonfiglioli Transmissions' OFS. The Q3 numbers were already reported yesterday, but the GPU securitization and Fink's macro warnings are new and material for the AI infrastructure trade.
At the time of this announcement, BLK was trading at $1,072.40 on NYSE in the Finance sector, with a market capitalization of approximately $174.5B. The 52-week trading range was $917.39 to $1,219.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.