BlackRock Invests $40 Billion in Data Center Giant Aligned amid AI Surge

BlackRock’s acquisition of Aligned Data Centers for a staggering $40 billion marks a significant milestone, further highlighting the firm’s aggressive move into the rapidly evolving AI infrastructure market. This deal comes at a time of explosive growth in demand for computing power to support AI-powered applications and cloud services. The purchase underscores Wall Street’s increased focus on investing in data centers that serve as the backbone of this burgeoning industry.