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BlackRock CEO Eyes 70GW AI Boom: Boosts Long-Term Nvidia (NVDA) Hardware Outlook

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The Story

News Summary

  • BlackRock CEO Larry Fink highlighted that the US requires over 70 gigawatts of power for AI infrastructure.
  • He framed AI compute and Nvidia hardware as a massive new asset class attracting institutional capital, though risks around GPU depreciation and speculative financing remain.
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NVDA price history

212.15 +17.97% over the displayed period

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