AI SPENDING HASN'T HIT OVERSPEND YET: BLACKROCK

AI DESK■ 1 MIN READ

THU, JUL 9, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

BlackRock's international equities chief says the AI capital expenditure cycle remains in healthy territory, with significant investment expected over the coming years before the market reaches typical overspend levels.

Helen Jewell, fundamental equities international chief investment officer at BlackRock, outlined the investment landscape for artificial intelligence during a Bloomberg Television appearance. Jewell stated that "the next few years are very clear from an AI perspective because of the amount of capital that you'll see being invested in that space." She noted that while historical capex cycles typically reach a point of overspending, the current AI cycle has not arrived at that threshold. "We don't believe that we're there now," Jewell said, suggesting the market still has room for continued expansion in AI infrastructure and technology spending. The comments come as major technology companies continue directing billions toward AI infrastructure, training, and development. BlackRock's assessment indicates confidence that current investment levels remain justified and sustainable in the near term.

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► Bloomberg Tech

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AI SPENDING HASN'T HIT OVERSPEND YET: BLACKROCK

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