BlackRock shares rise after a $14 billion Meta AI data center venture, raising questions about infrastructure risk and return
BlackRock (BLK) gained about 5.7% late Tuesday after a report said it would manage a major new Meta AI data center campus in El Paso, Texas, in a structure that gives funds it manages an 80% stake. Analysts are likely to focus on how the deal pencils out and what is, and is not, known about long-term power and customer demand.