BlackRock CEO warns: This move could lead the US into a recession

BlackRock CEO Larry Fink warns that halting the construction of AI server farms could lead the US economy into a recession, due to public and political opposition.

BlackRock CEO Larry Fink warns that stopping the construction of AI server farms could lead the US economy into a recession. According to him, public and political opposition to building new data centers could cause a construction freeze, severely impacting the stock market and the overall economy. The article notes that technology stocks, especially Nvidia, which has surged over 400% in three years, and Broadcom, which has risen about 290%, have been key growth drivers. Fink said, "If we have such a freeze in the country, we will enter a recession."

BlackRock CEO warns: This move could lead the US into a recession