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Benzinga
Benzinga
Business
Chandrima Sanyal

Google, Microsoft, Meta May Keep Powering AI ETFs As BlackRock CIO Calls Bubble Fears Overblown

Meta Microsoft Google ETF Rick Rieder AIQ Dan Ives Nasdaq Goldman Sachs
Ai,Technology,,Artificial,Intelligence.,Man,Using,Technology,Smart,Robot,Ai,

AI-focused ETFs are holding firm despite market chatter of an “AI bubble” gaining steam.

Allaying fears among investors, BlackRock’s Global Fixed Income CIO Rick Rieder assured that he does not see signs of overheating in the public markets and that mega-cap tech leaders at the heart of the AI boom, such as Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc (NASDAQ:META) and Alphabet Inc (NASDAQ:GOOGL)(NASDAQ:GOOG), are backed up by real earnings, not speculation.

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