AI boom for US stocks still a safe bet, less so for China: BlackRock
When the rules keep changing, invest in larger structural trends, says the world’s largest asset manager
[SINGAPORE] Ask any investor who has paid attention to the United States equities market in the last two years, and you are likely to hear the name Nvidia.
Few other stocks would be representative of the US tech bull run story than the chipmaker, whose stock price exploded nearly 900 per cent from the beginning of 2023 to the end of 2024. Market-wide optimism toward large language models and generative artificial intelligence (AI) placed Nvidia, with its critical graphics processing units, and the broader US tech sector among the most sought-after equities globally.
Since the start of the 2025, however, Nvidia has shed around 6 per cent, including a trough of 32 per cent in early April. In March, the tech-heavy Nasdaq Composite index – home to the “Magnificent Seven” stocks – slipped into correction territory, falling more than 10 per cent from its December highs.
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