Blackstone stock slips as Gray sees more AI fundraising ahead

Blackstone stock slipped from the level cited in the previous report as President Jon Gray said on Tuesday, November 3, that technology companies will need more capital to finance the artificial intelligence buildout. Reuters reported from the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit that Gray sees computing demand running well ahead of supply.

Blackstone stock traded at 105.33 euros on Lang & Schwarz at 15:37 CET on Tuesday, November 3, 2026. That was 1.68 percent below the 107.13-euro quote at 13:33 CET cited in the relevant report published earlier the same day.

More capital for the AI buildout

Gray said major technology companies are likely to raise additional capital as spending on computing capacity, data centers and energy increases. He pointed to possible equity fundraising by Meta, Alphabet and Oracle, as well as potential public offerings by SpaceX and Anthropic.

Reuters quoted Gray as saying that demand for computing power is "running well ahead of supply" and that the scale of data-center and energy requirements remains enormous. He added that higher borrowing costs and investor skepticism could slow the pace, while the broader trend still points to greater investment and demand for several forms of capital.

Blackstone is already active in the financing theme. Reuters reported that the firm agreed last week with Bank of America, Citigroup and Morgan Stanley to provide 63 billion US dollars of financing for Broadcom chips and networking equipment intended for Anthropic.

Opportunity comes with market risk

The financing opportunity spans private equity, credit and infrastructure, but it also brings exposure to underwriting, valuation and concentration risks. Other financial leaders at the Hong Kong summit warned that the market may be pricing AI-related revenue and earnings growth too aggressively, raising the prospect of corrections if expectations weaken. The full report is available from Reuters.

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US equities remain sensitive to AI spending expectations, financing conditions and possible sector corrections; investors can follow the S&P 500 market environment.

Further developments around fundraising, AI infrastructure and private-market deployment can be followed in more news and analyses on Blackstone stock.