BlackRock Seeks to Re-enter AI Trade as Valuations Look More Attractive, Global CIO Strategist Says

The notable signal here is not the valuation call itself but the shift in what the market is demanding: concrete evidence of AI commercialization rather than narrative. That raises the bar for AI-linked tokens and RWA projects that lean on AI branding without disclosed revenue or usage. BlackRock's framing also implicitly endorses a dispersion view — winners and losers — which is a different posture from broad beta exposure. Whether rising bond yields keep pressuring high-multiple AI names, and whether commercialization scrutiny spreads to crypto AI narratives, are the open questions.