BlackRock – Equity Market Outlook, Q4 2025

The main theme of the report concerns the equity market outlook for the fourth quarter of 2025, with a particular focus on the impact of artificial intelligence (AI) on the stock market.

Key findings include that AI is a significant driver of market returns and economic activity in the US. Investments in AI are expected to reach approximately $5 trillion between 2025 and 2030. AI is altering traditional expectations regarding factors such as momentum, quality, and value, and is opening new opportunities in clean energy and regions like Spain and parts of Asia. BlackRock is actively utilizing AI and machine learning, including the development of the Asimov platform for data analysis.