AI Investors Moving Across Value Chain: BlockRock's Jacobs

Core Insights - Investors are increasingly viewing artificial intelligence (AI) as a long-term transformational theme for their portfolios, often reallocating funds from the tech sector to AI investments [2][4][12] - Despite recent downward pressure on major AI stocks, there remains a strong conviction among investors regarding the long-term potential of AI, with continued inflows into actively managed funds [3][10][12] - The focus is shifting from infrastructure investments to models, data, and applications within the AI value chain, indicating a broader exploration of opportunities beyond just major tech companies [6][9][10] Investment Trends - There has been a notable trend of investors seeking "buy the dip" opportunities in AI, reflecting a desire to capitalize on the momentum built over the past few years [4][10] - Discussions among investors are increasingly centered on the entire AI value chain, including data centers and power infrastructure, rather than solely on major tech companies [5][6] - The active fund mentioned has approximately $7 billion in assets under management, highlighting significant investor interest in AI-related investments [6] Market Sentiment - Recent headlines regarding major stakeholders selling their stakes in companies like NVIDIA have not significantly altered investor sentiment, as the long-term trend in AI adoption continues to gain traction [9][10][11] - The sentiment surrounding cryptocurrency investments, particularly Bitcoin, remains positive despite recent sell-offs, with significant inflows into related ETFs since their launch [12][13] - The growing availability of investment platforms enabling access to AI-related assets is contributing to a more structural position in investors' portfolios [14]