Big investor gets into BlackRock stock — but not for its traditional area of dominance

Market Overview - The Dow, S&P 500, and Nasdaq experienced gains in Tuesday afternoon trading after fluctuating earlier in the session [1] - Enterprise software companies faced declines due to concerns about artificial intelligence negatively impacting their businesses, with Salesforce dropping over 3%, CrowdStrike down 4.5%, and Palo Alto Networks falling more than 2% [1] Company Highlights - Apple shares rose more than 3.5%, driven by anticipation of a new budget iPhone showcase next month, positioning Apple as a significant beneficiary of AI disruption [1] - BlackRock received attention from ValueAct, which invested in the company, citing its Aladdin platform as a key asset for automating investment decisions and enhancing its reputation beyond just being an ETF operator [1] - BlackRock's technology segment, which includes Aladdin and Preqin revenues, generated nearly $2 billion in 2025, accounting for about 8% of total revenues [1] Earnings Reports and Future Outlook - Palo Alto Networks is set to report earnings, with expectations for the CEO to address AI-related market share concerns and discuss the acquisition of agentic endpoint startup Rio [1] - Dover's CEO indicated an acceleration in orders heading into 2026, particularly in the Fueling Solutions business, while expressing caution about the vehicle aftermarket business due to its exposure to the struggling European market [1] - Upcoming economic data includes housing starts and industrial production, along with minutes from the latest Federal Reserve meeting [1]