Blackstone Inc. (NYSE:BX) is one of the

12 Most Profitable Stocks to Invest In.

On May 19, 2026, Blackstone Inc. (NYSE:BX) announced a joint venture with Google to create a new U.S.-based company offering data center capacity, operations, networking, and Google Cloud’s tensor processing units, or TPUs, as a compute-as-a-service offering. The new company will give customers another way to access cloud TPUs outside Google Cloud. Under the partnership, Blackstone is making an initial $5B equity capital commitment from funds it manages. The company expects the first 500 MW of capacity to come online in 2027, with plans to scale over time. Blackstone named Benjamin Treynor Sloss, a Google executive with more than two decades of infrastructure and operations experience, as CEO of the new company.

On May 18, 2026, TD Cowen lowered the firm’s price target on Blackstone Inc. (NYSE:BX) to $133 from $140 and maintained a Buy rating on the shares. TD Cowen updated models across the alternative asset manager group following Q1 reports, saying the sector’s long-term earnings power continues to climb, but current earnings quality remains low.

On May 11, 2026, Blackstone Inc. (NYSE:BX) announced that funds managed by its private equity business agreed to acquire a majority stake in Skroutz from CVC Capital Partners Fund VII. Skroutz is an online marketplace in Greece with more than 12 million products from approximately 9,000 merchants and around 2.5 million active users. The company said Skroutz’s founders will sell part of their shareholding but retain a stake and continue leading the business, with George Chatzigeorgiou remaining CEO. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.

Blackstone Inc. (NYSE:BX) is an alternative asset management firm focused on private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds, public debt and equity, and multi-asset strategies.

While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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