BlackRock Global Dividend Fund on MediaTek
Thesis
MediaTek contributed during the quarter as investors became more optimistic about AI infrastructure spending. BlackRock specifically highlights custom application-specific integrated circuit opportunities as a driver of the stock. The position fits the fund's broader constructive view on AI while emphasizing infrastructure bottlenecks and second-order beneficiaries as the opportunity set evolves.
“MediaTek gained due to optimism about AI infrastructure and custom application-specific integrated circuit opportunities.”