BlackRock's Rick Rieder says AI bull market is supported by earnings, unlike dotcom era
By
Eric Rosenbaum
Front-window bakery material. Catches the eye, delivers the goods.
Summary
BlackRock's Rick Rieder, overseeing $2.4 trillion in assets, compares the current AI-driven bull market to the dotcom era, stating he feels 'a bit more relaxed' due to strong earnings growth and cash flows supporting the rally. He advises investors to 'stay in' the market despite uncertainty, noting that the current period is extraordinary and unlike anything seen before. The article highlights Rieder's confidence in AI-related investments backed by fundamental earnings rather than speculative hype.
Key quotes
· 3 pulledI think we're going through an extraordinary period of time. I don't think we've ever seen anything like this.
I think you gotta, you gotta stay in it.
I think you gotta stay in, as earnings growth and cash to be reinvested in stocks support the AI bull market.
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