BlackRock (BLK) & NVIDIA Corporation (NVDA): BlackRock’s Larry Fink Says the US Alone Needs 70 Gigawatts of Power for AI

Larry Fink, CEO of BlackRock, estimates the US will need over 70 gigawatts of power to support the AI boom, drawing parallels to the early mortgage-backed securities market. He sees AI infrastructure as a "fantastic investment" centered on NVIDIA's hardware, emphasizing its potential for capital allocation and job creation. However, Fink's comparison to mortgage-backed securities also highlights potential risks, reminding investors how quickly new asset classes can become volatile.