BlackRock Science and Technology Term Trust on Micron Technology
Thesis
Micron Technology was a 4.5% position and one of BSTZ's ten largest holdings at quarter-end. BlackRock views AI infrastructure as a core portfolio pillar and is selectively increasing exposure to companies positioned to benefit from expanding AI workloads and deployment. The fund believes valuations across hardware, infrastructure and enabling technologies may not yet reflect their potential multi-year growth.
“We are selectively increasing exposure to companies with AI monetization and competitive advantages”
Key risks
- General changes in market sentiment toward science and technology companies
- Science and technology companies may underperform the broader market