El rol de NVIDIA en impulsar el rendimiento del fondo de tecnología de BlackRock y sus implicaciones para el crecimiento de inversión impulsado por IA

The rapid ascent of artificial intelligence (AI) as a transformative force in global economies has redefined the investment landscape, with NVIDIA emerging as a linchpin in this evolution. For investors seeking exposure to AI-driven growth, BlackRock's Science and Technology Term Trust (BSTZ) has positioned itself at the intersection of cutting-edge innovation and institutional capital. At the heart of this dynamic lies NVIDIA, whose strategic dominance in AI and data center infrastructure has not only solidified its market leadership but also directly fueled the performance of BSTZ. This analysis examines how NVIDIA's innovations and partnerships are catalyzing returns for BlackRock's fund and reshaping the future of AI-driven investing.

NVIDIA's Strategic Dominance in AI and Data Center Infrastructure

NVIDIA's ascent to a 65% share of the data center AI chip market by 2023 has been underpinned by a dual strategy: technological innovation and aggressive infrastructure expansion. The company's Blackwell and Rubin GPU architectures, designed for next-generation AI workloads, have driven record-breaking revenue, including $57 billion in Q3 2025 alone according to TechBuzz. This success is not merely a product of hardware prowess but a result of NVIDIA's ecosystem-building efforts. By investing in nearly 100 AI startups-ranging from model developers like OpenAI to cloud platforms such as CoreWeave-the company has created a CUDA-centric ecosystem that locks in developers and enterprises as reported by TechCrunch.

Geographically, NVIDIA has shifted from a U.S.-centric focus to a global sovereign AI infrastructure buildout. A $4.3 billion partnership with YTL Power in Malaysia, a 2,000 MW project with Reliance Jio in India, and a €1 billion data center in Germany exemplify this strategy as detailed in Enkiai. These moves are critical for BSTZ, which has increased its private holdings to over 30% of its portfolio to capture early-stage AI infrastructure opportunities.

NVIDIA-Driven Partnerships and BlackRock's Fund Performance

The most direct link between NVIDIA and BSTZ lies in their joint ventures to secure AI-ready infrastructure. In October 2025, a consortium led by NVIDIA, Microsoft, and BlackRock acquired Aligned Data Centers for $40 billion, marking the AI Infrastructure Partnership's (AIP) first major investment. This acquisition provides access to 50 data center campuses across the Americas, offering 2.5 gigawatts of developable capacity-a critical asset as global AI compute demand is projected to grow 20% annually through 2030 according to Fool.

The impact on BSTZ has been tangible. In Q3 2025, the fund returned 10.1% on market price and 11.6% on net asset value (NAV), with NVIDIA cited as a key contributor. The fund's third-quarter letter highlighted NVIDIA's Blackwell-based sales, which accounted for 90% of its data center revenue, as a driver of outperformance. This aligns with NVIDIA's broader strategy, including its $100 billion commitment to OpenAI and its $5 billion investment in Intel to co-develop x86 CPUs for AI infrastructure.

Global Expansion and Energy Innovation: A Sustainable AI Future

NVIDIA's vision extends beyond hardware to ensuring the sustainability of AI infrastructure. The company's $1.5 billion investment in an Israeli data center and its partnership with TerraPower to explore nuclear energy for AI facilities underscore its focus on scalable, clean power solutions as detailed in Enkiai. These initiatives are particularly relevant to BSTZ, which emphasizes long-term, high-yield investments in sectors poised for exponential growth as noted in BlackRock's insights.

In Europe, NVIDIA's collaboration with Mistral AI to deploy 18,000 Blackwell GPUs in France highlights its role in democratizing AI access while securing data sovereignty for European markets as reported by TechCrunch. Such partnerships not only diversify NVIDIA's revenue streams but also align with BSTZ's strategy to capitalize on regional AI booms.

Implications for AI-Driven Growth Investing

The NVIDIA-BlackRock synergy illustrates a broader trend: AI infrastructure is becoming a distinct asset class, offering stable returns amid rapid technological change. As noted by BlackRock's Tony Kim, AI infrastructure improvements double annually, while model intelligence advances tenfold. This exponential growth trajectory positions funds like BSTZ to outperform traditional tech indices by leveraging early-stage access to AI-ready assets.

However, risks remain. The data center market is attracting competition from Intel and AMD, while regulatory scrutiny of AI's energy consumption could impact margins. Yet, NVIDIA's first-mover advantage in ecosystem lock-in and its strategic energy partnerships provide a buffer against these challenges.

Conclusion

NVIDIA's strategic investments in AI hardware, global infrastructure, and energy sustainability have not only cemented its market leadership but also directly elevated the performance of BlackRock's Science and Technology Term Trust. As AI transitions from a disruptive force to a foundational pillar of the global economy, investors who align with NVIDIA's ecosystem-through vehicles like BSTZ-are well-positioned to capitalize on the next wave of technological and financial innovation. The key takeaway is clear: in the AI era, infrastructure is the new gold, and NVIDIA is the miner.