Nvidia's Earnings Momentum Drives Up Prices, BlackRock Strategist Says

BlackRock's Global Chief Investment Strategist Wei Li remains optimistic about the artificial intelligence trade. Speaking to Bloomberg Television, she highlighted Nvidia as a key player in this space. According to Li, Nvidia has demonstrated 'earnings pricing power' and 'earnings momentum', particularly with its recent price increases.

Li attributes Nvidia's success to being a 'scarcity seller', meaning that the company is scarce in supply compared to demand. This scarcity drives up prices, indicating strong earnings potential.

Nvidia's upcoming quarterly earnings report will be closely watched by investors, who are eager to see if this trend continues.