BTX: AI Technology Trading At A Deep Discount

BlackRock Technology and Private Equity Term Trust offers diversified public and private equity exposure centered on the AI investment theme. BTX provides access to top private AI companies like Anthropic, OpenAI, Databricks, and Anduril, alongside major public semiconductor and storage names. Shares currently trade at a -12.16% discount to NAV, presenting an arbitrage opportunity, with a robust 7.03% yield from capital gains and ROC. I assign BTX a Buy rating, citing renewed risk-on sentiment, AI infrastructure growth, and active management as key drivers for durable future returns.