Michael Burry Says Big Tech Is 'Spending Wildly' on AI Because CEOs Expect to Be 'Granted an Oligopoly' That Can't Fall
Michael Burry said Big Tech's AI spending spree is driven by an expectation of an oligopoly too large to fail.
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Barclays analyst Benjamin Budish maintains BlackRock (NYSE:BLK) with a Overweight and lowers the price target from $1450 to $1420.
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Michael Burry said Big Tech's AI spending spree is driven by an expectation of an oligopoly too large to fail.
JP Morgan analyst Michael Cho maintains BlackRock (NYSE:BLK) with a Overweight and raises the price target from $1364 to $1435.
AT&T Inc. (NYSE:T) affiliates and affiliates of Global Infrastructure Partners ("GIP"), a part of BlackRock, and Canada Pension Plan Investment Board ("CPP Investments") have agreed to form a new