The Scientist

The Scientist

February 19, 2025 | Todd Kennedy

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DIARY OF A PORTFOLIO MANAGER
February 19, 2025
“I was just guessing at numbers and figures
Pulling the puzzles apart
Questions of science, science and progress”
-The Scientist, Coldplay

 

This week, BlackRock Investment Institute’s global commentary is “AI a key driver of the power outlook”. Included below is a snapshot of the key points.
The full report, should it be of interest, can be accessed with this link: Weekly market commentary | BlackRock Investment Institute

Blackrock sees structural shifts like AI transforming economies and driving energy demand. Case in point: 2024’s surge in typically dull utility stocks and other AI-related companies.
News of a seemingly more efficient AI model by China’s DeepSeek briefly interrupted this rally. They don’t see DeepSeek’s innovations hurting power demand, nor do the large AI builders.
AI is one of many factors driving greater energy demand. Beneficiaries are utilities and infrastructure, according to Blackrock.

Hope you are able to dig yourself out of the snow and enjoying your week.
Regards

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Disclosures

This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities.