AI Acceleration Drives Market Dispersion

BlackRock’s weekly commentary argues that the software selloff reflects recognition of AI’s disruptive force rather than fading momentum 

• Markets are shifting from AI enthusiasm to identifying structural winners and losers, widening sector dispersion.

• Heavy AI capex and rising corporate leverage add upward pressure to yields, reinforcing caution on long-duration Treasuries.

• The preference remains for U.S. equities and selected credit, with granular positioning essential as adoption risk emerges.

Is the AI buildout strengthening—or testing—market resilience? The full commentary details the cross-asset implications.