According to an investment outlook report from Odaily Planet Daily, BlackRock (BLK.N), the world's largest asset management company, is "upgrading its risk allocation" by significantly increasing its holdings of US stocks and increasing its exposure to artificial intelligence (AI) within its $185 billion model portfolio platform. The outlook report notes that, thanks to the US stock market's "top-tier earnings performance," BlackRock increased its allocation to US stocks across its series of model portfolios at the expense of international developed market stocks. Following the adjustments, these portfolios' overall equity holdings were 2% overweight. Data shows that on Tuesday, the day BlackRock completed its asset allocation adjustments, billions of dollars in capital flows occurred between its corresponding exchange-traded funds (ETFs). BlackRock's adjustments to its model portfolios are a vote of confidence in the US stock market's rally: the S&P 500 has reached record highs this year, driven by a surge in investment in AI and market bets that the Federal Reserve is about to begin a cycle of interest rate cuts. BlackRock said in an investment report that relatively strong earnings performance by U.S. companies will drive U.S. stocks higher, noting that since the third quarter of 2024, U.S. corporate earnings have grown by 11%, while earnings growth for similar companies in other developed markets has been less than 2%. (Jinshi)