Blackstone Still Bullish on A.I. Data Centers Despite DeepSeek
Published On Jan 30, 2025, 2:28 PM
Blackstone, a leading global investor in data centers, is optimistic about the future of A.I. as the cost of computing power decreases. President Jonathan Gray shared during an earnings call that although the power requirements for specific A.I. tasks may decline, the overall usage of A.I. will likely increase due to more inquiries. Blackstone has been aggressively investing in data centers, including substantial acquisitions like QTS and AirTrunk, to cater to technology companies with long-term leases. Despite a recent dip, Blackstone's stock has risen about 40% over the past year, surpassing major market indexes.
Stock Forecasts
BX
Positive
Given Blackstone's strategic investments in data centers and the anticipated demand for A.I. infrastructure as computing costs drop, the company is well-positioned for continued growth. The optimism expressed by its leadership regarding the expanding A.I. sector indicates potential for further price appreciation in its stock. Current trends support a positive outlook for Blackstone's performance in the near term.
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